NZD/USD extends losses after snapping the five-day winning streak, pulling back from the two-month high. The spot trades lower around 0.6020 during th
NZD/USD continues to lose ground after upbeat US data. US CPI is expected to drop in the annual rate for September. US Dollar faces challenges despite higher-than-expected US wholesale inflation. NZD/USD extends losses after snappingthe five-day winning streak, pulling back from the two-month high. The spot trades lower around 0.6020 during the Early Asian session on Thursday. The pair is facingchallenges after the higher-than-expected US wholesale inflation and the release of the FOMC minutes.
Fed Governor Christopher Waller has suggested a watchful approach to rate developments, noting that financial markets tightening would do some of the work for us. Meanwhile, Fed Governor Michelle Bowman has expressed a preference for another rate hike, citing inflation persisting above the Fed's 2% target. The contrasting views within the Fed contribute to the complexity of the current economic landscape. The US Dollar Index struggling to hold ground around 105.
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