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S&P: New Zealand credit ratings could come under pressure if current account deficit widens

"New Zealand’s credit grades with S&P Global Ratings could come under pressure if the nation’s current account deficit remains too big," reported Bloomberg early Wednesday morning in Europe.

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GBP/USD rebounds from 1.2150 as USD Index refreshes monthly low, UK Fiscal Budget eyed

The GBP/USD pair has managed to defend its cushion around 1.2150 in the Asian session. The Cable is inside the woods, auctioning in a range of 1.2150-
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EUR/USD retreats from monthly top towards 1.0700 as yields dribble ahead of EU/US data

EUR/USD pares intraday gains from the highest levels in one month as it slides to 1.0745 heading into Wednesday’s European session. In doing so, the E
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