NZD/USD edges higher amid softer USD, remains below 0.6400 as traders await US CPI – by hareshmenghani NZDUSD RiskAppetite Fed Inflation Currencies
rently placed around the 0.6370-0.6375 region and remains well within the striking distance of a nearly three-week high touched on Monday.
Furthermore, business activity in the US services sector contracted and hit the worst level since 2009 in December. This, in turn, fuels speculations for a less aggressive policy tightening by the Fed, which keeps the US Treasury bond yields depressed near a multi-week low and is seen as a key factor undermining the buck.
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