NZD/USD slumps amid concerns over China’s economic recovery and strong US Dollar – by christianborjon NZDUSD Currencies Majors
s, sparking investor worries. Hence, traders braced for the safe-haven status of the US Dollar , a headwind for the NZD/USD, which exchanges hands at 0.6051, down 1%, after hitting a daily high of 0.6109.
The US economic docket showed the trade deficit shrinking in June, with Imports hitting a one-and-a-half-year low, as the US Commerce Department revealed. Exports came at $247.5 billion, below May’s $247 billion, while Imports dipped to $313 billion from $316.1 billion the prior’s month. Hence, the Trade Balance came at $-65.5, a tick higher than the $-65 billion estimated but below the previous reading of $-68.3 billion.
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NZD/USD oscillates in a narrow range below the 0.6100 mark, US inflation eyedThe NZD/USD pair oscillates in a narrow range below the 0.6100 mark during the early Asian session on Monday. Meanwhile, the US Dollar Index (DXY), a
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NZD/USD Price Analysis: Kiwi rebound eyes 0.6150 and NZ/US inflation cluesNZD/USD Price Analysis: Kiwi rebound eyes 0.6150 and NZ/US inflation clues – by anilpanchal7 NZDUSD Inflation Technical Analysis ChartPatterns Currencies
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NZD/USD struggles to capitalize on its modest uptick beyond 0.6100 on stronger USDThe NZD/USD pair attracts some dip-buying on the first day of a new week and sticks to its modest intraday gains through the early part of the Europea
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NZD/USD trades flat below 0.6100 at the start of the weekThe NZD/USD traded neutral on Monday, below the 0.6100 level. On the one hand, the USD recovered from rising yields after Friday’s losses, while the N
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NZD/USD remains below 0.6100 as USD strengthens, unaffected by Chinese trade dataThe NZD/USD pair struggles to gain momentum despite recent gains and faces selling pressure during the Asian session. The pair has recovered slightly from its daily low but is still down 0.30% for the day. Chinese trade data, which revealed a higher surplus of $80.6 billion in July, has had little impact on the pair's performance.
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NZD/USD Price Analysis: Further downside past 0.6100 appears more impulsiveNZD/USD stands on slippery ground as it renews its intraday low near 0.6060 heading into Tuesday’s European session, printing the biggest daily loss. Feed news 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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