
- NZD/USD loses ground due to “Trump trades” and less dovish comments from Fed officials.
- Fed’s Alberto Musalem stated that persistent inflationary pressures force the Fed to halt its rate-cutting strategy.
- RBNZ expects to deliver a bumper 75 basis point rate cut in November as the inflation rate eases.
NZD/USD extends its decline for the third consecutive day, trading near 0.5870, marking a three-month low during Thursday’s Asian session. The pair’s downward movement is largely due to the strengthening US Dollar (USD), fueled by “Trump trades” and less dovish remarks from Federal Reserve (Fed) officials following US inflation data.
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