NZD/USD recovered at the beginning of the new week
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Hello dear traders. Nice to meet you again to share about the market today. The NZD/USD pair recovered some lost points and regained the 0.5900 mark in the first hours of trading. The lack of economic data on the US economic calendar and falling US Treasury yields weighed on the USD, providing support to the NZD/USD pair. The pair is currently trading near 0.5901, up 0.31% on the day.
Additionally, fears of deflation in China were erased as China's inflation data improved in August, which should lift the New Zealand Dollar (NZD).
Conversely, (Fed) could boost the US Dollar and act as a drag on the NZD/USD pair
Additionally, fears of deflation in China were erased as China's inflation data improved in August, which should lift the New Zealand Dollar (NZD).
Conversely, (Fed) could boost the US Dollar and act as a drag on the NZD/USD pair
Note
The NZD/USD pair stabilized its bid above the 0.5900 circular resistance late in the European session.Note
NZD/USD lost ground to 0.5910 after retreating from weekly highs of 0.5935.
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