NZDUSD clings to gains above 0.6100 amidst a strong US Dollar

e Federal Reserve Vice Chair Brainard turned sentiment positive. Therefore, the NZDUSD is trading at 0.6113, above its opening price by 0.49%.turned green. Fed Vice-Chair Lael Brainard said that the Fed would soon reduce the pace of rate hikes and supports a 50 bps interest-rate increase. Nevertheless, she emphasized that the US central bank would not ease and acknowledged that “we have additional work to do.

Data-wise, the New York Fed survey of consumer inflation expectations in October rose to 5.9% in a one-year horizon, while the 3-year jumped to 3.1%. Increases in inflation expectations reflect high gasoline prices.advances 0.27%, up at 106.710, failing to underpin the USD against the NZD. Aside from this, on Monday’s Asian session, New Zealand’s calendar revealed that the services and Composite Performance of Services jumped by 1.5 points, exceeding the previous month’s reading from 55.9 to 57.4, while the latter edged lower to 53.1 from 54.1The New Zealand economic docket will feature REINZ housing data. On the US front, the October Producer Price Index and Fed speakers like Patrick Harker, Lisa Cook, and Michael Barr.

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