NZD/USD is staging a solid comeback. Heading toward 0.6200 in the Asian session on Wednesday. The pair is witnessing a relief rally after two days of sharp correction from five-month highs of 0.6223.
A broad-based US Dollar retreat is aiding the turnaround in the New Zealand Dollar (NZD), despite sagging Asian stocks and a fresh buying interest seen around the US Treasury bond yields.
Therefore, the rebound in the pair could be purely technically driven, helped by profit-taking on the recent US Dollar recovery, as traders reposition themselves ahead of the key US ADP Employment Change data due later in American trading on Wednesday.
The US Dollar pauses its recovery momentum, as markets reassess US Federal Reserve (Fed) interest rate cut expectations after a set of mixed US economic data released on Tuesday.
The Institute for Supply Management (ISM) said on Tuesday that its Services PMI rebounded from a five-month low of 51.8 to 52.7 in November while the JOLTS Job Openings totaled 8.73 million for the month, a decline of 617,000, the Labor Department reported Tuesday.
The NZD/USD pair tumbled to a three-day low of 0.6125 a day ago, tracking the sell-off in AUD/USD after the Reserve Bank of Australia (RBA) held the interest rate at 4.35% in November but adopted a cautious approach in its communication.
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.