The NZD/USD pair comes under heavy selling pressure during the Asian session on Tuesday, with bears now looking to extend the downfall further below t
NZD/USD meets with a fresh supply in reaction to the softer New Zealand CPI report. The uncertainty over the Fed’s rate-hike path weighs on the USD and lends support. The fundamental backdrop favours bears and supports prospects for further losses. he 0.5900 mark. The New Zealand Dollar weakens across the board following the release of softer consumer inflation figures from New Zealand, which showed that the headline CPI rose to 1.8% in the three months to September.
Firming expectations for a shift in the Fed's policy stance, along with the upbeat market mood, hold back traders from placing fresh bullish bets around the safe-haven Greenback. That said, the latest US consumer inflation figures released last week kept the door open for one more Fed rate hike move by the year-end. This remains supportive of elevated US Treasury bond yields, which act as a tailwind for the USD and favours the NZD/USD bears.
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 attracts some buyers above the 0.5900 mark ahead of the New Zealand CPIThe NZD/USD pair attracts some buyers during the early Asian trading hours on Monday. Investors await the New Zealand Consumer Price Index (CPI) data
Read more »
New Zealand Dollar Falls After Inflation Data, but NZD/USD Remains Above Key SupportThe New Zealand Dollar weakened after local inflation data cooled hawkish RBNZ policy expectations. Even so, NZD/USD remains above key support with a neutral near-term technical bias.
Read more »
New Zealand CPI inflation eases in Q3, less hiking pressure on RBNZNew Zealand CPI inflation eases in Q3, less hiking pressure on RBNZ
Read more »
New Zealand Q3 CPI rises 1.8% on quarterNew Zealand Q3 CPI rises 1.8% on quarter
Read more »
NZD/USD: Technical outlook will sour if Kiwi makes a new cycle lowNZD/USD ended the week a lot lower. Economists at ANZ Bank analyze Kiwi’s outlook. Q3 CPI key for the RBNZ, and by extension, short-end rates and NZD
Read more »
NZD/USD recovers the recent losses near 0.5920, focus on RBNZ inflation, US Retail SalesNZD/USD trades higher around 0.5920 during the early European session on Monday, recovering from the recent gains registered in the previous two tradi
Read more »