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New Zealand Dollar Rises on Positive News from China

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New Zealand Dollar,China,Commodity Prices

The New Zealand Dollar continues rising on Wednesday as positive news from China helps boost commodity prices. The Kiwi had already rebounded after lower-than-expected US CPI data led to hopes of an end to the global rate-hiking cycle. NZD/USD breaks to fresh highs and targets the October highs at 0.6055. The New Zealand Dollar (NZD) continues to build on the previous day’s gains midweek after a raft of positive growth stories from China, its largest trading partner, boosted the prospects for exports. From a technical perspective, the pair’s short-term trend has turned bullish again and is closing in on the key October 2023 highs at 0.6055. Daily digest market movers: New Zealand Dollar: China in the spotlight The New Zealand Dollar rallies after data from China lifts the outlook for trade and reverses the recent spate of lackluster readings

The New Zealand Dollar continues rising on Wednesday as positive news from China helps boost commodity prices. The Kiwi had already rebounded after lower-than-expected US CPI data led to hopes of an end to the global rate-hiking cycle. NZD/USD breaks to fresh highs and targets the October highs at 0.6055.

The New Zealand Dollar (NZD) continues to build on the previous day’s gains midweek after a raft of positive growth stories from China, its largest trading partner, boosted the prospects for exports. From a technical perspective, the pair’s short-term trend has turned bullish again and is closing in on the key October 2023 highs at 0.6055. Daily digest market movers: New Zealand Dollar: China in the spotlight The New Zealand Dollar rallies after data from China lifts the outlook for trade and reverses the recent spate of lackluster reading

 

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