News Formal

NZD/USD rally capped by strengthening US Dollar, housing market recovery

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

NZD/USD rally capped by strengthening US Dollar, housing market recovery – by christianborjon NZDUSD Currencies Majors Macroeconomics

shows the housing market seems to recover. Therefore, the US Dollar is appreciating and putting a lid on the NZD/USD rise. The NZD/USD is trading at 0.6238 after hitting a daily low of 0.6224.The NZD/USD remains underpinned by an upbeat sentiment, though at the brisk that a sudden shift could turn into losses. US debt ceiling discussions would continue today after Tuesday’s talks improved, although US House Speaker McCarthy said the two sides remain apart.

That, alongside solid US Retail Sales and Industrial Production, revealed on Tuesday, keeps the US Dollar in the driver’s seat, cushioning the NZD/USD’s rally. The US Dollar Index , a gauge that tracks the performance of six currencies vs. the USD, climbs 0.33%, up at 102.937, a headwind for the NZD/USD.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NZD/USD bulls in the market and eye a firm correctionNZD/USD is down on the day, losing some 0.12%, and has fallen from a high of 0.6240 and reached a low of 0.6232. The Kiwi has picked up a touch off ye
Source: FXStreetNews - 🏆 14. / 72 Read more »