NZD/USD moves upward on market hesitation over the Fed’s interest rate trajectory. US Dollar could receive flows due to the risk aversion over the Palestine-Israel conflict. Fed could halt interest rate-hike cycle due to higher US Treasury yields. ng sessions. The uncertainty regarding the Federal Reserve's future decisions on interest rates is contributing support in underpinning the NZD/USD pair.
This figure fell short of the market consensus, which anticipated a 0.2% increase. Additionally, the Producer Price Index dropped to 2.5% from a 3% decline in August, missing the expectation of a 2.4% downturn. During the previous week, Fed officials signaled a potential halt in a policy rate-hike cycle in November’s meeting as US bond yields surged highest since 2007, causing tightened financial conditions, is contributing to downward pressure for the USD.
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