NZD/USD stays pressured around 0.6250 amid Good Friday holiday, focus on US NFP – by anilpanchal7 NZDUSD NFP Recession RBNZ Fed
e dropped the most in one month the previous day. Apart from the holiday-driven lack of liquidity, the cautious mood ahead of the US employment data for March also restricts the quote’s immediate moves.
The US data has been downbeat since the start, especially relating to employment and activity, which in turn amplified the slowdown fears. Previously, US JOLTS Job Openings dropped to the 19-month low in February while the ADP Employment Change for March also disappointed markets with 145K figures. Further, the US ISM Services PMI for March also amplified pessimism as it dropped to 51.2 versus 54.5 expected and 55.1 prior.
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