New Zealand dollar rises on Fed rate cut speculation

The New Zealand dollar (NZD) appreciated against the US dollar (USD) as soft labor market data and weaker-than-expected services activity in the US fueled speculation about potential Federal Reserve rate cuts later in the year. The USD slipped as markets reacted to these economic indicators, prompting a shift in market sentiment. Fed officials indicate a cautious stance on rate cuts despite positive inflation trends. The Reserve Bank of New Zealand (RBNZ) expected to maintain interest rate in upcoming decision. Read more to find out what happened to NZD.
Disclaimer:
While the NZD has gained ground, it remains vulnerable to shifts in global risk sentiment and US economic developments, and as such would require good risk management as traders navigate the markets.
Publication date:
2024-07-21 07:29:39 (GMT)
Continue to site >

Personal Trade Copier

Trade Mirror

Trading Simulator

Figaro App Suite

Publisher EA

Figaro Connector EA

All Trader Downloads

All Developer Downloads

Currency Strength

Trader Sentiment

Price Alerts

Mini Charts

Premium Charting

Market Scanner

All Tools

Next High Impact Events

Week View

Next 24 Hours

Session Map

Chart View

Future Events

Past Events

Big Market Movers

Compare Brokers

Broker Offers

Market Analysis

Price Action News

Broker News

Example Analysis

Widgets

FAQ

Statement

Stats

Risk analysis

Widgets

Portfolio

FAQ

Please Log In
Not yet a user?