The NZD/USD pair trades on a softer note around 0.6130 on Tuesday during the early Asian session.
NZD/USD edges lower near 0.6130 in Tuesday’s early Asian session. Any signs of US inflation data improvement might trigger the Fed to cut rates in the coming months. The RBNZ’s hawkish stance might continue to support the Kiwi in the near term. The rebound of the USD Index above the 105.00 barrier drags the pair lower. Amid the absence of top-tier economic data from New Zealand, the NZD/USD pairwill be influenced by the USD.
analysts said the power of the U.S. jobs data ... reinforces the risk of the Fed remaining on the sidelines for longer.” On the other hand, the hawkish stance from the Reserve Bank of New Zealand might continue to lift the New Zealand Dollar against the USD. The New Zealand central bank is expected to maintain its current policy stance until at least mid-2025, aiming for a comprehensive evaluation of data. NZD/USD Overview Today last price 0.6127 Today Daily Change -0.
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 0.6060, focus on US PPI and CPI dataThe NZD/USD pair gains traction near 0.6055 on Wednesday during the early European trading hours.
Read more »
NZD/USD IG Client Sentiment: Our data shows traders are now net-short NZD/USD for the first time since Mar 12, 2024 when NZD/USD traded near 0.61.Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.
Read more »
NZD/USD IG Client Sentiment: Our data shows traders are now net-long NZD/USD for the first time since May 15, 2024 13:00 GMT when NZD/USD traded near 0.61.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.
Read more »
NZD/USD IG Client Sentiment: Our data shows traders are now net-long NZD/USD for the first time since May 31, 2024 14:00 GMT when NZD/USD traded near 0.61.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bearish contrarian trading bias.
Read more »
NZD/USD edges higher near 0.6200, Fed rate cut in focusThe NZD/USD pair trades on a stronger note near 0.6195 during the early Asian session on Friday.
Read more »
NZD/USD gains traction to three-month highs above 0.6200 on Fed rate cut betsThe NZD/USD pair extends the rally to three-month highs around 0.6205 on Thursday during the early Asian trading hours.
Read more »