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Sep 12 - 08:55 PM

NZD/USD - Subdued Start As Fed Taper Timing Debate Rages On

By Krishna K  —  Sep 12 - 07:00 PM
  • NZD/USD starts week on a cautious note after failing to sustain rally Fri

  • Weighed down by higher U.S. yields as higher inflation concerns persist

  • PPI accelerates 8.3% yoy, prompts calls from Fed officials for early taper

  • Philadelphia Fed chief calls for early taper: Click here

  • RBNZ rate hike expectations support NZD; mkts imply 97% chance of Oct hike

  • Resistance 0.7160-70, support 0.7080-90; U.S. CPI & NZ Q2 GDP key this week

  • For more click on FXBUZ


U.S. inflation: Has it peaked?: Click here

Source:
Refinitiv IFR Research/Market Commentary

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