NZD/USD sticks to modest intraday gains above 0.6300 amid softer USD, positive risk tone – by hareshmenghani NZDUSD RiskAppetite Fed Recession Currencies
sticks to its gains through the first half of the European session and is currently placed around the 0.6310-0.6315 region, just a few pips below the daily top.
In fact, the yield on the benchmark 10-year US government bond retreats further from the monthly top touched the previous day amid expectations that thewill pivot from an ultra-hawkish stance to something more neutral. It is worth recalling that the US central bank indicated last week that it will continue to raise borrowing costs to crush inflation and projected an additional 75 bps rate hike by the end of 2023.
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