The Fed is waiting for the totality of the data to be released before deciding what to do at their September meeting. As of now, the data supports the soft-landing narrative as the disinflation in the core measures continues but the strength in the labour market and consumer spending might keep inflation higher for longer.
Share: NZD/USD takes offers to refresh yearly low during eight-day downtrend. Oversold RSI, key technical levels can challenge Kiwi bears. Corrective bounce can aim for May’s bottom but remains elusive below 0.6045. NZD/USD bears keep the reins for the eighth consecutive day as they refresh the yearly low to 0.5902 amid early Thursday.
Share: NZD/USD rose to a high of near 0.6000 but settled near 0.5950. RBNZ held rates steady at 5.5% as expected but sounded hawkish. Investors await key FOMC minutes for forward guidance. On Wednesday, the NZD/USD traded strongly following the Reserve Bank of New Zealand (RBNZ) decision but failed to maintain its momentum and
New Zealand Dollar, NZD/USD, RBNZ, Fed, China, NZX50 Index – Talking Points The New Zealand Dollar reversed losses seen in early trade on the RBNZ pause The Kiwi Dollar had sunk on gathering economic clouds gathering in China The inflation appears to be centre stage for the RBNZ. If they hike again, will NZD/USD rally?
Share: NZD/USD trades with losses below 0.6000, its lowest in nine months. China reported weak Retail Sales and Industrial Production data from July. American Retail Sales from the US were higher than expected. In Tuesday’s session, the NZD/USD traded lower, mainly driven by China’s fragile economic situation. On the other hand, the USD, despite
Share: US Producer Price Index (PPI) surpasses estimates, bolstering the US Dollar as Treasury yields soar. Reserve Bank of New Zealand (RBNZ) is expected to maintain rates at 5.50%, adding pressure on the NZD. NZD/USD’s future hinges on US economic data and potential RBNZ rate surprises; 0.5900 level in sight. NZD/USD plunges below
Share: NZD/USD bounces off the two-month lows and holds ground near 0.6060 on Wednesday. The downbeat Chinese trade data exerts some pressure on the Kiwi. The US trade deficit narrowed sharply in June; Imports fell to the lowest level since November 2021. Investors await Chinese inflation data, New Zealand inflation expectations report. The
Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nevertheless, the unemployment rate fell once again and lessened the disappointment from the miss in
NZD/USD, AUD/NZD, EUR/NZD – Outlook: NZD continues to broadly hover within its recent range against some of its peers. NZD has been weighed by a deteriorating NZ economic growth outlook and the view that RBNZ is done with raising rates. What is the outlook for NZD/USD, EUR/NZD, and AUD/NZD? Recommended by Manish Jaradi The Fundamentals
Share: Early Tuesday in Asia, the Reserve Bank of New Zealand unveils results of its first stress test for the life insurance industry while suggesting that the major players are well-placed to overcome the severe economic and insurance shocks, while continuing to pay out on policy claims, reported Reuters. More to come .
