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TDUX
Sep 23 - 08:55 PM

NZD/USD - Rout Extends Toward 2026 Lows On Oil Supply Concerns

By James Connell  —  Sep 23 - 07:35 PM

• NZD/USD -0.9% from Wed 0.5731 high as DXY & UST yields surge higher

• Iran says still far apart in peace talks with U.S., Brent crude +4.3%

Break below 0.5695-00 confirms NZD trajectory for test of 0.5627 ytd low

• Futures pricing currently implies 68.6% chance of Fed rate hike Oct 28

• Trump meeting Xi Jinping in Washington Thur, markets watching closely

• Range NZ 0.5671-78, support 0.5627 0.5581, resistance 0.5995 0.6012(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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