In Wednesday's session, the NZD/USD pair declined by 1.30% just below 0.6000 after the Reserve Bank of New Zealand’s decision during the Asian session.
NZD/USD declines over 1%, and bullish momentum fades after
’s dovish outlook. ’s Orr was on the wires after the decision but didn't provide new insights. The fact that the bank considered a 50 bps cut earlier in the session made the NZD lose interest. In Wednesday's session, the NZD/USD pair declined by 1.30% just below 0.6000 after the Reserve Bank of New Zealand’s decision during the Asian session. Governor Orr was on the wires entering Thursday’s Asian session but didn’t provide any new insights.
explained that the economy had slowed more than anticipated and that their inflation assessment was largely based on expectations, which had already fallen back to the 1-3% target range. NZD/USD technical analysis The Relative Strength Index is currently around 50, indicating that the market is in a neutral zone. The Moving Average Convergence Divergence is showing decreasing green bars, signaling decreasing bullish momentum.
could trigger another downwards leg.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NZD/USD Price Analysis: NZD/USD rises and eyes the 0.6000 levelIn Wednesday's session, the NZD/USD rose by 0.80% to 0.5950.
Read more »
NZD/USD gathers strength above 0.5950 after better-than-expected New Zealand employment dataThe NZD/USD pair extends the rally near 0.5980 during the early Asian session on Wednesday.
Read more »
NZD/USD recovers above 0.5900 as upbeat Chinese PMI data boost KiwiThe NZD/USD pair extends recovery near 0.5915 Asian trading hours on Wednesday.
Read more »
NZD/USD Price Analysis: Strongly recovers from 0.5900 after mix US flash PMIThe NZD/USD pair recovers sharply after plunging to near 0.5910 in Wednesday’s American session.
Read more »
NZD/USD holds comfortably above 0.6000 mark; bulls flirts with multi-week peakThe NZD/USD pair attracts fresh buyers following an intraday dip to levels below the 0.6000 psychological mark and sticks to its intraday gains through the early part of the European session on Monday.
Read more »
NZD/USD holds comfortably above 0.6000, multi-week high amid softer USD/risk-on moodThe NZD/USD pair builds on this week's solid recovery from the 0.5850 area, or its lowest level since early November 2023 and gains positive traction for the fourth successive day on Friday.
Read more »