NZD/USD grinds higher towards 0.6400 with eyes on US/China inflation – by anilpanchal7 NZDUSD RiskAppetite Fed PBOC Currencies
he Kiwi pair takes clues from the market’s cautious optimism amid mostly downbeat US data and the risk-positive headlines from China, one of the key consumers of New Zealand and the world’s biggest commodity user.
It should be noted that the Fed officials’ mixed comments could be linked to the downbeat prints of the US ISM Servicesas well as the Factory Orders that drowned the Treasury bond yields. On the contrary, price-positive updates from China help the NZD/USD pair to remain firmer.
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