NZD/USD recovers some ground though exchanges hands off the highs of the day of 0.5972, trading at 0.5941, amidst a mixed market mood spurred by fears
about recent developments in China and uncertainty about the outcome of US Federal Reserve Chair Jerome Powell’s speech at Jackson Hole.
US equities dwindle as market sentiment remains fragile. The National Association of Realtors revealed that Existing Home Sales plunged -2.2% in July but improved compared to June’s -3.3% figures. According to the report, “inventory availability” and higher “mortgage rates” are the drivers behind the latest report drop, revealed NAR Chief Economist Lawrence Yun.
Meanwhile, Richmond Fed President Thomas Barkin emphasized that reaching the 2% target is crucial to Fed’s credibility. Later on the day, further, Fed policymakers will cross the wires, with Bowman and Golsbee up next.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
New Zealand Trade Balance came in mixed for July, NZD/USD stays pressured towards 0.5900As per the latest New Zealand (NZ) foreign trade numbers from the New Zealand Statistics, the headline Trade Balance drops to $-1,107.0M MoM in July v
Leer más »
Wall St mixed as investors await Nvidia earnings, Jackson Hole meet By ReutersWall St mixed as investors await Nvidia earnings, Jackson Hole meet
Leer más »
NZD/USD remains in a defensive mood above the 0.5900 mark following New Zealand Trade dataThe NZD/USD pair breaks below the psychological round mark of 0.6000 and remains under pressure during the early Asian session on Monday. The pair bou
Leer más »
NZD/USD extends the downside to the vicinity of 0.5900NZD/USD continues the losing streak that began on August 8, with spot prices currently trading around 0.5920 during the Asian session on Monday. The p
Leer más »
New Zealand Dollar Reverses Gains After PBOC Move; NZD/USD, AUD/NZD, GBP/NZD SetupsNZD gave up early gains against its peers after China cut its one-year benchmark lending rate but left its five-year rate unchanged. What is the outlook for NZD/USD, AUD/NZD, and GBP/NZD?
Leer más »
NZD/USD Price Analysis: Kiwi bears dominate within pennant formation, 0.5910 eyedNZD/USD bears keep the reins despite showing resilience around 0.5920 heading into Monday’s European session. In doing so, the Kiwi pair drops for the
Leer más »