NZD/USD extends its upside beyond 0.6210 following NZ Building Permits – by lilyfinancial NZDUSD Majors Macroeconomics
.6210, gaining 0.02% for the day. Market players await the New Zealand employment data on Wednesday for fresh impetus., a measure of the value of the Greenback against a basket of six major currencies, consolidates near 101.85 following last week's gains against major rivals.
Additionally, the annual US inflation data showed last week that the figure grew at its slowest pace in over two years. The US Bureau of Economic Analysis reported the Personal Consumption Expenditures Price Index fell from 3.8% in May to 3% in June, below the market expectation of 3.1%. While the Federal Reserve's preferred measure of inflation, the Core PCE Price Index, came in at 4.1% annually, down from 4.6% in May and below market expectations of 4.2%.
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