NZD/USD struggles to defend 0.5700 near two-year low on NZ off, Fed’s Powell, RBNZ’s Orr eyed – by anilpanchal7 NZDUSD RiskAppetite RBNZ Fed Ukraine
the US Dollar Index
prints 0.60% intraday gains around 113.70, after renewing the 20-year high with 114.52 mark, as the risk-aversion wave joins the hawkish Fedspeak and firmer US data. While portraying the mood, the S&P 500 Futures print mild losses while the US 10-year Treasury yields add four basis points to 3.74% at the latest.
It’s worth noting that fears of multiple central banks’ intervention and fears emanating from Russia weigh on theUkraine President Zelenskiy was last heard saying that maybe ''Putin's nuclear threats were a bluff, but now, it could be a reality'' as per a CBS interview.
Additionally, the latest readings of the US S&P Global PMIs for August, published on Friday, stated that the Manufacturing gauge rose to 51.8 from 51.5, while its services counterpart recovered from 44.6 to 49.3 for September. Following the release, Fedsaid, “We are committed to using our tools.” After him, Fed Vice Chair Lael Brainard mentioned that inflation is very high and is hitting low-income families ‘hard’.
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