NZD/USD rises above 0.6200 ahead of US employment data NZDUSD Majors Currencies
The United States released low-tier economic data. The US Chicago PMI for July came in slightly below expectations at 42.8 vs 43, and the Dallas Manufacturing index declined in the same month but at a somewhat lower rate than anticipated, at -20 vs -26.3. report to be released on Friday. The consensus expects job creation to have decreased in July and for hourly earnings and the unemployment rate to remain stable.
On the Kiwi’s side, investors will see New Zealand’s labour market data, which will be released in early Wednesday’s session., is neutral to bullish, as the indicators are recovering but still weak. The Relative Strength Index stands below just above the midline with a positive slope, while the Moving Average Convergence Divergence still prints red bars.
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