By Krishna K — Mar 27 - 06:50 PM
NZD/USD offered in early Asia on increasingly dovish RBNZ rate expectations
RBNZ governor Orr says conditions to allow cut becoming more apparent
Says core inflation pressures easing, inflation expectations back on target
Fed's Waller still sees 'no rush' to cut rates amid sticky inflation data
Soft NZ economic data, U.S. economic outperformance undermine NZD
NZ cuts FY 2024 GDP expectations to 0.1%, down from 1.5% forecast previously
New Zealand consumer confidence falls as recession news hit - survey
February U.S. PCE price index data and Powell speech Fri key for direction
Break of 0.5986 Mon low opens 0.5940-50, resistance 0.6030, 0.6050
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Source:
Refinitiv IFR Research/Market Commentary