NZD/USD holds above 0.6200 mark, modest USD weakness remains supportive

📆 2023/05/16 0:23:00

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📆 2023/05/16 0:23:00
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NZD/USD holds above 0.6200 mark, modest USD weakness remains supportive – by hareshmenghani NZDUSD RiskAppetite Fed Inflation Currencies

A positive risk tone undermines the safe-haven USD and benefits the risk-sensitive Kiwi.The NZD/USD pair

A modest recovery in the global risk sentiment - as depicted by a generally positive tone around the equity markets - prompts some selling around the safe-haven US Dollar and benefits the risk-sensitive Kiwi. That said, the modest USD pullback from its highest level since April is more likely to remain cushioned in the wake of a rise in the long-term US consumer inflation expectations.

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