NZD/USD trades around 0.5960 during the Asian session on Thursday. NZD/USD gained momentum after the Greenback was undergoing a corrective move due to
Additionally, the US Treasury yields fell sharply on weaker US economic data, exerting downward pressure on the US Dollar . The 10-year US bond yields dropped to 4.19%, down by almost 3.00% overnight. However, market participants will also closely watch the upcoming Jackson Hole annual symposium, which starts on Thursday, notablyin August reported a lower reading of 47 than the expected 49.3, from the previous 49 figure.
Investors await the upcoming releases of Durable Goods Orders for July from the United States along with Initial Jobless Claims . These datasets could provide insights into the state of the economy in the US, offering fresh impetus for placing trades in
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