NZD/USD snaps two-day downtrend below 0.6100 despite sluggish US Dollar ahead of inflation data – by anilpanchal7 NZDUSD RiskAppetite Inflation China RBNZ
NZD/USD clings to mild gains as Kiwi traders brace for US CPI after RBNZ inflation expectations favored buyers.Downbeat US inflation can confirm Fed policy pivot and weigh on NZD/USD ahead of next week’s RBNZ.remains sidelined near 0.6065-70 during the first positive day in three amid early Thursday morning in Europe.
On the other hand, hopes of witnessing softer US inflation data, based on the early signals flashed the last week, join the market’s preparations for the likely hawkish surprise from the RBNZ during next week’sFurther, the recently downbeat MBA Mortgage Applications, falling for the third consecutive week of late, also test the DXY bulls, especially amid the growing chatters of the Federal Reserve’s policy pivot, which in turn puts a floor under the Kiwi prices.
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NZD/USD Slumps Amid Concerns Over China’s Economic Recovery and Strong US DollarThe NZD/USD pair experiences a sharp decline below the 0.6100 level as China's weak economic recovery and the strength of the US Dollar raise concerns among investors. The New Zealand Dollar is trading at 0.6051, down 1%, after reaching a daily high of 0.6109. The safe-haven status of the US Dollar and disappointing Chinese economic data contribute to the downward pressure on the New Zealand Dollar.
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NZD/USD oscillates in a narrow range below the 0.6080 mark ahead of US NFPThe NZD/USD pair oscillates in a narrow range below the 0.6080 mark in the early Asian session on Friday. Market participants prefer to wait on the si
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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 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: Kiwi prods immediate resistance below 0.6100 on upbeat RBNZ Inflation ExpectationsNZD/USD Price Analysis: Kiwi prods immediate resistance below 0.6100 on upbeat RBNZ Inflation Expectations – by anilpanchal7 NZDUSD RBNZ Inflation Technical Analysis ChartPatterns
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