NZD/USD recovers Asia Pacific session losses, back in low 0.6500 pre-US ISM Manufacturing data release

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NZD/USD recovers Asia Pacific session losses, back in low 0.6500 pre-US ISM Manufacturing data release
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NZD/USD recovers Asia Pacific session losses, back in low 0.6500 pre-US ISM Manufacturing data release By Frank_Macro NZDUSD PMI Fed

0s. No one specific fundamental catalyst was behind the overnight drop, with markets instead broadly in wait-and-see mode ahead of the release of a barrage of key US data points in the coming days. At current levels, the pair is trading with gains of about 0.2% on the day, though is very slightly in the red on the week.

continue to stabilise as has been the case in recent weeks, NZD/USD holding in the 0.6500 area or even extending on to 0.6600 makes sense for now.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.

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