

NZDUSD holds steady as U.S. jobs data looms

The New Zealand dollar (Symbol: NZDUSD) remained stable after a week of minor losses. The markets are now focusing on the upcoming U.S. jobs data to gain insights into recession risks and the potential pace of Federal Reserve rate cuts. It is anticipated that there will be a possible slowdown in U.S. job creation, with the U.S. payroll report expected to reveal weaker numbers. The contrasting monetary policies between the Federal Reserve and the RBNZ will likely shape the trajectory of the New Zealand dollar. While the U.S. is expected to cut rates more aggressively, easing inflationary pressures and a weakening labour market, New Zealand’s economy appears more resilient, limiting the extent of future rate cuts. The recent consolidation suggests that the Kiwi dollar may experience volatility depending on how the upcoming data unfolds. Traders may capitalise on price swings driven by market reactions to U.S. payrolls. Read more to find out why the reason New Zealand dollar steady.

how will NZDUSD trend

Disclaimer:

The recent consolidation suggests that the Kiwi dollar may experience volatility depending on how the upcoming data unfolds. Traders may capitalise on price swings driven by market reactions to U.S. payrolls. Traders are advised to prioritize proper risk management to make well-informed trading decisions.

Publication date:

2024-09-27 14:56:41 (GMT)

The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.