NZD/USD stalls at 0.6400 following strong advance on soft US Dollar – by fx_ross NZDUSD Currencies DollarIndex Technical Analysis
ek. At the time of writing, NZD/USD is down by over 1% and has fallen from a high of 105.896 to a low of 104.664 so far. Jerome Powell
“The time for moderating the pace of rate increases may come as soon as the December meeting,” Powell said in remarks at the Brookings Institution. Consequently, the US Dollar dropped, US yields eased and closed up 2.7% while the Dow officially entered a bull market. 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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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NZD/USD turns sideways around 0.6200 as investors await US ADP EmploymentThe NZD/USD pair is displaying a sideways auction profile near the round-level hurdle of 0.6200 in the early Asian session. The kiwi asset has turned
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NZD/USD eyes 0.6350 on upbeat Caixin PMI and Federal Reserve’s promise of policy slowdownNZD/USD is marching north firmly after shifting its auction profile above the round-level resistance of 0.6300 in the Asian session. The kiwi asset ha
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Asian stocks rally, dollar tanks after Fed signals slowdown in rate hikesGlobal markets reacted positively to comments by Federal Reserve chief Jerome Powell who said it 'makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down'
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Gold Forecast: Markets Give Up Early Gains as US dollar RecoThe gold markets initially tried to rally during the trading session on Wednesday.
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