NZD/USD portrays pre-RBNZ caution around 0.6150, FOMC Minutes eyed as well – by anilpanchal7 NZDUSD RBNZ RiskAppetite CentralBanks Currencies
ednesday. The Kiwi pair gained the previous day as firmer sentiment joined hopes of a 75 basis points of rate increase by New Zealand’s central bank.in Europe and the UK, as well as Wall Street, closed positively whereas the US 10-year Treasury yields dropped six basis points to 3.76%. At home, NZX 50 remained dicey as traders feared higher rates, as well as take negative notes from China’s Covid conditions.
On the other hand, New Zealand Trade Balance flashed -2,129M MoM figures for October versus $-1,353M market forecasts and $-1,696M prior. Further, the Exports increased to $6.14B versus $5.94B prior whereas the Imports rose to $8.27B versus $7.63B prior.
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