US needs to take action to rebuild trust chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
3/17/2021 10:02:50 PM GMT | By Anil Panchal
NZD/USD drops around 20 pips following the surprise drop in NZ GDP.
New Zealand’s fourth-quarter (Q4) GDP came in -1.0% versus +0.1% QoQ forecasts.
Post-Fed risk-on mood battles geopolitical headlines suggesting the US tussles with China, North Korea and Iran to probe the bulls.
Aussie data, risk catalysts will be the key for now.
NZD/USD pushes the bulls back while declining over 20 pips around 0.7230 after New Zealand (NZ) Q4 GDP disappoints kiwi optimists during the early Thursday morning in Asia. Also favoring the consolidation are the challenges to the risks and hidden hints of a gradual pick-up in rates after a few years in the Fed statement.