The NZD/USD pair stabilized the auction above the round-level resistance of 0.5900 in the late European session. The Kiwi asset aims to extend upside
There is a nominal improvement in China’s inflation data but the overall outlook is still vulnerable.
stabilized the auction above the round-level resistance of 0.5900 in the late European session. The Kiwi asset aims to extend upside as the market mood improves amid an ease in China’s deflation risks. expanded by 0.3% in August as expected by the market participants. The expansion pace remained higher than July’s reading of 0.2%. Annual inflation rose to 0.1% from the prior print of 0.3% contraction while investors projected acceleration to 0.2%.
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