NZD/USD: China Caixin Manufacturing PMI probes bulls around 0.6300 – by anilpanchal7 NZDUSD PMI China NFP CentralBanks
hing on the Kiwi pair is the market’s sour sentiment and cautious mood ahead of the key data from New Zealand and the US. Even so, the quote remains firmer around 0.6295 while being the biggest gainer among the G10 currency pairs by the press time.
Earlier in the day, New Zealand’s seasonally adjusted Building Permits dropped 2.3% for June versus -0.3% market forecast and -0.5% prior readings. On a different page, China’s warning to the US administration over House Speaker Nancy Pelosi’s visit to Taiwan, as well as fears that Beijing’s stimulus won’t be enough to renew economic recovery, appeared to have weighed on the AUD/USD prices. Further, comments from Minneapolis Fed President Niel Kashkari and the Fed’s preferred inflation gauge appeared to have probed the greenback bears of late.
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