NZD/USD edges higher continuing the gains from Wednesday when the Fed adopted an easing bias in its May policy meeting. A positive tilt to market sentiment leverages gains for NZD/USD on Thursday. Longer-term negative factors and the worsening economic picture in NZ are likely to continue to weigh.
New Zealand is in a technical recession after two quarters of negative growth. Furthermore, headline inflation fell to 4.0% in Q1 from 4.7% previously. Even though inflation remains well above the Reserve Bank of New Zealand’s target of 1.0% - 3.0%, the pressure is increasing for it to lower interest rates to help boost the stuttering economy. More negative data out on Wednesday showed Building Permits fell 0.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más: