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May 27 - 11:55 PM

NZD/USD - Drifts Lower But Downside Limited On Yield Plays

By Krishna K  —  May 27 - 09:49 PM
  • NZD/USD down 0.2% in Asia on p/taking after strong gains of 2.1% this week

  • Rising U.S. yields on Biden's proposed budget, robust economic data weigh

  • U.S. core PCE price index eyed Fri as it is Fed's favourite inflation gauge

  • Downside limited on prospect of higher NZ interest rates in 2022nL2N2ND32H

  • Yield plays support; NZD/JPY + 2.5% this week as RBNZ-BOJ policies diverge

  • Support 0.7265-70, 0.7240, resistance 0.7310-15, 0.7340-45

  • Related nL2N2NE14M

  • For more click on FXBUZ


nzd/jpy: Click here

Source:
Refinitiv IFR Research/Market Commentary

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