EUR/USD 1.15170
-0.096%
Gold 4067.48
-0.240%
Oil 57.875
-1.402%
USD/JPY 156.388
-0.680%
GBP/USD 1.31046
0.247%
GBP/JPY 204.943
-0.427%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
November 23 - According to sources, the White House recently proposed airdropping leaflets into Caracas, the Venezuelan capital, as a psychological warfare operation to increase pressure on Venezuelan President Maduro. The operation is likely to be carried out this Sunday, Maduros birthday.November 23 – Several U.S. officials recently stated that the United States is preparing to launch a new round of actions related to Venezuela in the coming days. The timing and scope of these actions are currently unclear, as is whether President Trump has made a final decision regarding them. Some U.S. officials stated that options under consideration include attempting to overthrow the Maduro regime.On November 23, the Russian Ministry of Defense released a battle report on the 22nd, stating that the 51st Armys assault troops continued their offensive in a settlement east of Red Army City (Pokrovsk in Ukrainian terms), capturing 22 buildings in one day. Assault forces from the Russian "Eastern" Group of Forces seized the settlement of Novozporizhzhia in the Zaporizhzhia region. Furthermore, Russian forces also controlled Zvanovka in the Donetsk region. The General Staff of the Ukrainian Armed Forces stated that the Ukrainian Air Force, missile units, and artillery attacked a Russian personnel assembly area and a key target. Ukrainian forces repelled six Russian attacks in the Kupyansk direction and 23 Russian attacks in the Leman direction. Ukrainian special forces claimed to have shot down a Russian Mi-8 helicopter using a drone in the Rostov region of Russia.US officials: Russia will not attend the Geneva talks, but the US plans to meet with Russia soon.U.S. officials: U.S. Army Secretary Daniel Driscoll has arrived in Geneva, and the Ukrainian delegation will arrive tonight.

USD / NZD Bulls Arrive At The Highs And Apply Pressure Below 0.6250

Daniel Rogers

Mar 02, 2023 16:17

 NZD:USD.png

 

NZD/USD is down roughly 0.27 percent, falling from a high of 0.6257 to a low of 0.6238, wiping out some of the gains made in the middle of the week in reaction to information indicating a recovery in China demand, which raised commodity prices.

 

This came after Australia released a disappointing report, where GDP growth fell to 0.5% quarter-over-quarter from 0.7% earlier and fell short of consensus forecasts of a 0.8% rise. The information raised the chance that the Reserve Bank of Australia would stop raising rates sooner than anticipated, which originally hurt both currencies.

 

However, the kiwi profited from speculative buying after China's non-manufacturing activity expanded at a faster pace in February and the Caixin/S&P Global manufacturing PMI report for last month also exceeded expectations. The offshore yuan rose 1.3% to 6.8683 per dollar, recording its largest one-day rise since late November.

 

The New Zealand currency outperformed most of its peers, according to ANZ Bank analysts, and did well on crosses, especially NZD/AUD. "After the strong German CPI report, the EUR was a strong performer, and the Kiwi followed suit. This trend may have been worsened by stop-loss buying in the NZD/AUD pair because there was no clear NZD catalyst. This may result in muted price action in the coming days.

 

The USD mood is also changing. Bond yields climbed as a result of strong data last week, which caused the DXY to soar. However, last night's solid data dragged on the dollar in a "good news is bad news" way, probably due to worries that the Fed will orchestrate a recession. Is the strength of the NZD a tardy acknowledgment of the economy's resilience and post-cyclone recovery? Has performed admirably."


Suggestion