The NZD/USD pair gathers strength near 0.6285 despite the firmer US Dollar (USD).
NZD/USD edges higher to around 0.6285 in Wednesday’s early Asian session. The US ISM Manufacturing PMI came in worse than expected in September. The RBNZ is expected to cut its cash rate by 50 basis points. The NZD/USD pair gathers strength near 0.6285 despite the firmer US Dollar . Nonetheless, the cautious mood in the market amid the escalating tension in the Middle East could lift the Greenback. Investors will keep an eye on the US ADP Employment Change and Fedspeak.
Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD.
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 Price Forecast: Holds position above 0.6200 near support at 14-day EMANZD/USD retraces its recent gains, trading around 0.6210 during the Asian hours on Friday.
Read more »
NZD/USD flat lines around 0.6170-75 area, just above two-week low set on FridayThe NZD/USD pair fails to capitalize on a modest Asian session uptick and currently trades around the 0.6175-0.6170 region, just above the two-week low set on Friday.
Read more »
NZD/USD Price Forecast: Holds position above nine-day EMA near 0.6200NZD/USD trades around 0.6210 during the Asian session on Thursday.
Read more »
NZD/USD: Has to break above 0.6270 to test 0.6310The New Zealand Dollar (NZD) is expected to trade in a 0.6200/0.6270 range.
Read more »
NZD/USD remains above 0.6250 near monthly highs, receives support from dovish FedspeakNZD/USD extends its upside for the second consecutive day, which could be attributed to the improved risk sentiment following the dovish sentiment surrounding the Federal Reserve’s (Fed) policy outlook.
Read more »
NZD/USD posts modest gains above 0.6250, focus on US GDP data, Fed’s Powell speechThe NZD/USD pair trades with mild positive bias around 0.6260 on Thursday during the Asian trading hours.
Read more »