NZD/USD could test this week’s low at 0.6715 again – Westpac NZDUSD CPI NewZealand Fed Banks
NZD/USD has been correcting lower over the past few weeks. The pair may retest 0.6715 amid its near-term correction, economists at Westpac report.“The USD is likely to remain strong ahead of the 4 May FOMC, and long-end yield spreads should continue to decline.”
“NZ CPI inflation data slightly disappointed expectations. The 1.8% QoQ and 6.9% YoY results undershot median estimates of 2.0% and 7.1%. And that should be the peak in this cycle. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NZD/USD flirts with weekly high, around 0.6765-0.6770 amid modest USD weaknessThe NZD/USD pair maintained its bid tone through the early European session and was last seen trading near the top end of its weekly range, around the
Read more »
NZD/USD could still visit 0.6700 near term – UOBIn opinion of FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang, the downside bias could drag NZD/USD to retest the 0.6700 area in the next w
Read more »
NZD/USD under pressure into the closing bell on Wall StreetNZD/USD was pressured into the final stages of Wall Street trade on Tuesday. At 0.6730, the bird is losing flight from a high of 0.6763 and trades clo
Read more »
NZ CPI coming up, what will it mean for NZD/USD?New Zealand Consumer Price Index is coming up and the data is expected to that show consumer prices rose 7.4% YoY – the fastest increase since 1990 (i
Read more »
Silver Price Analysis: XAG/USD seems vulnerable near one-week low, around $25.00 markSilver Price Analysis: XAG/USD seems vulnerable near one-week low, around $25.00 mark By HareshMenghani Silver Commodities Technical Analysis XAGUSD
Read more »
USD/JPY corrects further from two-decade high, heavily offered below 128.00 markThe USD/JPY pair continued losing ground through the mid-European session and plunged to a fresh daily low, around the 127.60 region in the last hour,
Read more »