NZD/USD retraces recent gains ahead of Fed policy rate decision. China’s NBS PMI data shows a contraction in economic trends; which could affect the Kiwi Dollar. New Zealand Building Permits declined by 4.7% against the previous drop of 0.7%. 5840 during the early European session on Tuesday. Moreover, in September, the disappointing turn in the Chinese economic narrative unfolded with the NBS Manufacturing Purchasing Managers’ Index (PMI) unexpectedly contracting to 49.5.
The Employment Change and Unemployment Rate for the third quarter in New Zealand will likely to be crucial indicators that market participants will keenly observe later in the week. These data points provide valuable insights into the labor market, offering cues about the economic landscape, job creation, and overall employment conditions in the country. United States (US) ADP Employment Change and ISM Manufacturing PMI for October may provide a broader perspective on the US economic situation.
NZD/USD capitalizing on softer Greenback, pushing into 0.5850The NZD/USD is seeing its best trading day in a month, climbing from an eleven-month low into 0. Read more ⮕
NZD/USD holds onto gains above 0.5800 ahead of Fed policyThe NZD/USD pair clings to gains after a significant recovery from 11-month low around 0.5770. The Kiwi asset oscillates above 0.5800 as the focus shi Read more ⮕
NZD/USD ticks lower after weaker Chinese PMIs, remains below mid-0.5800sThe NZD/USD pair ticks lower during the Asian session on Tuesday and erodes a part of the previous day’s positive move, though lacks follow-through. Read more ⮕
NZD/USD gains ground near 0.5820 after recent lossesNZD/USD recovers the recent losses, trading near 0.5820 during the Asian session on Monday. The NZD/USD pair gains ground, benefiting from a relativel Read more ⮕
Futures jump as investors await Fed rate verdict; Middle East tensions eyedFutures jump as investors await Fed rate verdict; Middle East tensions eyed Read more ⮕
U.S. stocks are rising as investors await Fed meeting, jobs report, Apple earningsU.S. stocks are rising as investors await Fed meeting, jobs report, Apple earnings Read more ⮕