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GBP, NZD in focus amid ongoing yen weakness

The EU referendum campaign is in full swing in the UK, with tight polls and a pressured pound. The UK trade balance adds to the mix today. In New Zealand, the Financial Stability Report could serve as an opportunity for the RBNZ to follow the RBA in easing. Commodity currencies are sharing the pressure with the yen, a relatively rare event. This comes as central bank intervention seems imminent in Japan. Politics are taking a bigger role in shaping currency moves.

Wrap up of the morning show for May 10th 2016:

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.