NZD/USD slides towards 0.6100 amid fears of downbeat NZ Consumption, higher Fed rates – by anilpanchal7 NZDUSD RiskAppetite RBNZ Fed Inflation
Downbeat NZ Retail Sales, comments from RBNZ’s Conway keep bears hopeful.US Durable Goods Orders, risk catalysts eyed for fresh impulse.bears keep the reins at the lowest levels since November 2022, down half a percent near 0.6130 during early Monday, as downbeat New Zealand catalysts contrast with the US Dollar demand.
That said, NZ Retail Sales marked -0.6% QoQ figure for the fourth quarter earlier in the day, versus 1.5% expected and 0.4% prior. rise, I expect consumption to slow.” Meanwhile, strong US inflation-linked data joined the Fed policymakers’ support for higher rates to propel thefund futures to above 5.30%, versus 5.10% expected by the US central bank in December. The same joins the latest bout of sanctions on Russia from the West to escalate the market’s fears of more geopolitical tension, which in turn underpins the US Dollar’s haven demand. renews its intraday high around 105.
Moving ahead, the US Durable Goods Orders for January, expected -4.0% versus 5.6% prior, will be important to watch for clear directions ahead of Wednesday’s official activity data from China.A daily closing below the 200-DMA, around 0.6170 by the press time, directs NZD/USD bears towards July 2022 low near 0.6060.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
NZD/USD refreshes three-month low below 0.6150 as US consumer spending fuels hawkish Fed betsNZD/USD has refreshed its three-month low below 0.6148 in the Asian session. The kiwi asset has been dumped by the market participants amid weak New Z
Consulte Mais informação »
NZD/USD crushed on a firmer US Dollar and hawkish US dataNZD/USD was pressured at the end of last week due to a late surge in the USD as demand for the currency took off, sending the DXY index through 105 in
Consulte Mais informação »
NZD/USD Price Analysis: Bears are gathered near 0.6200NZD/USD has tried to stabilise at the start of the week from a low of 0.6154 and has come up as high as 0.6168 so far in what could be the makings of
Consulte Mais informação »
Plastic consumption on course to nearly double by 2050 - researchPlastic use in G20 countries is on course to nearly double by the middle of the century unless a comprehensive and legally binding global treaty to curb consumption is drawn up, according to research published on Monday.
Consulte Mais informação »
S&P 500 set for biggest weekly loss this year as hot inflation stokes Fed fears By Investing.com*S&P 500 NOTCHES BIGGEST WEEKLY LOSS OF 2023 AS HOT INFLATION STOKES FED FEARS $SPY $SPX $ES_F
Consulte Mais informação »
Asian Stock Market: Cautions soars amid Fed rate hike fears, PBoC promises expansionary policyMarkets in the Asian domain are demonstrating precaution as enlarging consumer spending in the United States has propelled the risk of more rates by t
Consulte Mais informação »