The NZD/USD pair attracts some buyers during the early Asian trading hours on Monday. Investors await the New Zealand Consumer Price Index (CPI) data
NZD/USD kicks off the new week on a positive note above the 0.5900 mark on Monday. New Zealand’s Business NZ PSI came in at 50.7 in September vs. 47.1 prior. The escalated geopolitical tensions between Israel and Palestine might boost the safe-haven flow in the US Dollar. Market players await the New Zealand inflation data, US Retail Sales. due later on Monday. The inflation figures for the third quarter quarterly and annually are expected to rise by 2.0% and 5.9%, respectively.
With the higher inflation expectation and the upbeat inflation data, investors anticipate a possible rate rise by the Federal Reserve by the end of the year. The US Consumer Price Index annually and monthly for September came in at 3.7% and 0.4%, respectively. This, in turn, might boost the US Dollar and exert pressure on the New Zealand Dollar .
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Zealand's National Party well-positioned to form new governmentNew Zealand's National Party well-positioned to form new government
Read more »
Voting closes in New Zealand election, counting set to beginVoting closed in New Zealand’s general election at 7:00 p.m. (0600 GMT) on Saturday and counting was set to start, with provisional results due later this evening.
Read more »
Voting closes in New Zealand's election, with polls indicating people favor a conservative changeVoting has closed in New Zealand and ballot counting was underway in a general election, with opinion polls indicating people were favoring a conservative change after six years of a liberal government led for most of that time by Jacinda Ardern.
Read more »
Voting closes in New Zealand's election, with polls indicating people favor a conservative changeVoting has closed in New Zealand and ballot counting was underway in a general election, with opinion polls indicating people were favoring a conservative change after six years of a liberal government led for most of that time by Jacinda Ardern
Read more »
Voting closes in New Zealand's election, with polls indicating people favor a conservative changeVoting has closed in New Zealand and ballot counting was underway in a general election, with opinion polls indicating people were favoring a conservative change after six years of a liberal government led for most of that time by Jacinda Ardern.
Read more »
Voting closes in New Zealand's election, with polls indicating people favor a conservative changeVoting has closed in New Zealand and ballot counting was underway in a general election, with opinion polls indicating people were favoring a conservative change after six years of a liberal government led for most of that time by Jacinda Ardern.
Read more »