The NZD/USD slipped even further on Wednesday, declining into 2023's lows and set for a new yearly low below 0.5846. Broad-market sentiment turned fir
The NZD/USD is trading into the floor, inches away from setting a new low for 2023 below 0.5846. Market sentiment has receded as investors see jitters over geopolitical tensions. Markets looking ahead to Fed Powell appearance later on Thursday, followed by NZ Trade Balance figures. mly risk-off on the trading day, and the Kiwi heads into the Thursday market session pinned to the floorboards.
Later in the day Federal Reserve Chair Jerome Powell will be delivering talking points at a luncheon hosted by theEconomic Club of New York, and late Thursday will see New Zealand Trade Balance figures as NZ heads into the Friday early market session. Kiwi investors will be hoping for an improvement in the headline Trade Balance for the annualized period into September, which last showed a $-15.54B undershoot in August.
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