7/14/2021 2:14:01 AM GMT | By Anil Panchal
NZD/USD takes the bids to reverse the weekly losses on hawkish RBNZ.
RBNZ hints tapering by late July, keeps benchmark rate unchanged.
Halt in US Treasury yields probe DXY bulls amid a quiet session ahead of Fed’s Powell.
Covid headlines, US PPI also become important for fresh impulse.
NZD/USD shoots up to 0.7007, up 0.73% intraday around 0.7000 by the press time of early Wednesday after the Reserve Bank of New Zealand (RBNZ) portrays a hawkish tilt. Also favoring the quote could be the optimism of New Zealand PM amid the comparatively better covid conditions than other Asia-Pacific players.
NZD/USD looks for fresh clues to defend 0 7200 forexcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forexcrunch.com Daily Mail and Mail on Sunday newspapers.
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The New Zealand Dollar is edging higher early Monday as a slight dip in Treasury yields weighs on the U.S. Dollar. Firmer U.S. stock index futures indicate early demand for higher risk assets.
In economic news over the weekend, Treasury Secretary Janet Yellen said she didn’t think inflation posed a significant risk now that the Biden administration’s COVID relief is signed and on its way to implementation.
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In other news, New Zealand Visitor Arrivals (YoY) came in at -98.7% in January versus -98.9% in December. Government data showed overseas visitor arrivals decreased by 500 to 5,400 in January 2021, compared with December 2020.
New Zealand Visitor Arrivals -98.7% On Year In January New Zealand Visitor Arrivals -98.7% On Year In January
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