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US needs to take action to rebuild trust

US needs to take action to rebuild trust
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NZD/USD trims post-Fed gains above 0.7200 as New Zealand Q4 GDP disappoints


3/17/2021 10:02:50 PM GMT
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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.

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AUD/USD wobbles around mid-0.7700s ahead of RBA minutes

AUD/USD takes rounds to 0.7755-50 during the initial Asian session on Tuesday after a dull start to the week portrayed the previous day. In doing so,

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