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Sep 01 - 07:55 PM

NZD/USD - Posts Modest Gains On Lacklustre US Data

By Krishna K  —  Sep 01 - 05:50 PM
  • NZD/USD opens 0.3% higher as USD declines broadly on weak U.S. economic data

  • ADP employment data misses expectations, raises concerns on Fri U.S. NFP

  • Weak jobs data will keep Fed from scaling back stimulus nN9N2NL019

  • Diverging RBNZ-Fed monetary policy expectations to underpin NZD

  • RBNZ rate hike expectations rise, markets imply 98% chance of Oct rate hike

  • Resistance 0.7085-90, 0.7110-15, support 0.7035-40, 0.7015-20; bid on dips

  • For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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