Forex Today: US Dollar trims gains despite strong ADP jobs data

The United States (US) released the four-week average of the ADP Employment Change, which showed the private sector added 10.3 K jobs, beating the previous week 7.8K.

RBNZ set to hold interest rate as new Governor Breman takes center stage

The Reserve Bank of New Zealand (RBNZ) remains on track to maintain the Official Cash Rate (OCR) at 2.25% after concluding its first monetary policy meeting of this year on Wednesday.

New Zealand: Solid jobs and growth backdrop – ING

ING’s Francesco Pesole notes that New Zealand’s labour market and growth backdrop look broadly consistent with the Reserve Bank of New Zealand’s projections.

Nigeria: Slower trajectory supports cautious easing – Standard Chartered

Standard Chartered’s Razia Khan notes that Nigeria’s January CPI surprised to the downside, with headline inflation at 15.1% year-on-year after a 2.88% monthly fall. Incorporating rebased data, the bank now forecasts average CPI of 12.0% in 2026, rising to 13.8% in 2027 and 13.3% in 2028.

Gold plunges over 3% as US-Iran talks boost USD demand

Gold (XAU/USD) price dives more than 3% on Tuesday as the Greenback rebounds amid Washington-Tehran talks that, according to a senior White House official quoted by Axios, are showing signs of progress. At the time of writing, XAU/USD trades at $4,869 after reaching a daily high of $5,000.