The NZD/USD set a fresh low of 0.5772 for 2023, the pair's lowest bid since November of last year. After chalking in a new yearly low, the Kiwi (NZD)
The NZD/USD caught some much-needed lift on Thursday after setting a new eleven-month low. NZ's Roy Morgan Consumer Confidence for October improved slightly. Markets are turning towards Friday's US PCE Index release to close out the trading week. The NZD/USD set afresh low of 0.5772 for 2023, the pair's lowest bidsince November of last year. After chalking in a new yearly low, the Kiwi caught a much-needed rebound and heads into the Friday Asia market session trading near 0.5820.
The PCE Index, as the Federal Reserve's favored measure of inflation, will be closely watched by traders hoping for signs that the Fed will be pushed into a rate-cut cycle sooner rather than later. NZD/USD Technical Outlook With the NZD/USD trading into eleven-month lows, the way below is primed for the Kiwi to face off against swing lows from back in November of 2022, near 0.5740. Technical resistance is mounting on the NZD/USD with the 50-day Simple Moving Average dropping into 0.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NZD/USD recovers recent losses on improved market sentiment, trades above 0.5850NZD/USD retraces recent losses, trading at around 0.5860 during the Asian session on Wednesday. The uptick is influenced by improved risk sentiment, w
Read more »
NZD/USD Price Analysis: Hovers near 0.5850 followed by nine-day EMA barrierNZD/USD struggles to remain in the positive territory after minor losses registered in the previous session due to weaker upbeat S&P Global PMI from t
Read more »
NZD/USD deepens decline as sentiment wanes and US Dollar strengthensNZD/USD extended its losses during the North American session after printing a daily high of 0.5869, but market sentiment deterioration and a strong U
Read more »
NZD/USD moves below 0.5800, aims to reach November’s lowNZD/USD marks an 11-month low, hovering around 0.5790 during the Asian session on Thursday. The pair could reach November’s low during the session. Th
Read more »
NZD/USD to trade towards 0.57 by year-endEconomists at CIBC Capital Markets expect NZD/USD to weaken to 0.57 through Q4 of this year NZD/USD to rebound towards the 0.63 level by Q4 2024 We co
Read more »
NZD/USD Price Analysis: Struggles near 0.5800, rebounds from an 11-month lowNZD/USD dropped to an 11-month low at 0.5773 on Thursday. However, the pair has retraced the daily losses during the European session, struggling to h
Read more »