NZD/USD rebound approaches 0.6150 on mixed NZ data and PM Hipkins’ comments, US GDP eyed – by anilpanchal7 NZDUSD GDP FiscalPolicy RiskAversion Banks
ANZ sentiment figures for April came in mixed, NZ PM Hipkins promises no extra tax in upcoming budget.US Q1 GDP needs to print downbeat figures to defend Kiwi pair’s latest recovery.
Earlier in the day, the Australia and New Zealand Banking Group released monthly figures for New Zealand’s Activity Outlook and Business Confidence for April. While the former improved to -7.6% from -8.5%, versus -8.9% prior, the latter plummets to -43.8 compared to analysts’ estimation and previous readings of -43.4.
It should be noted that the passage of a bill that enables the US policymakers to negotiate the extension of the debt ceiling joins the mixed US data and upbeat technology companies’ earnings to underpin cautious optimism in the market. That said, the US Durable Goods Orders rose for March but couldn’t overcome the fishy details of Consumer Confidence released previously.
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