Stay updated with breaking news from Nzdusd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The New Zealand Dollar (NZD) recovers against the US Dollar (USD) on Thursday, despite a worsening macro picture after bouncing off technical support at the important 50-day Simple Moving Average (SMA).
The NZD/USD pair struggles to capitalize on the overnight late rebound from the 0.5910 area, or the weekly low and remains on the defensive through the Asian session on Wednesday.
The relative resilience of the Australian economy suggests scope for the AUD to outperform both the NZD and the EUR over the coming months, economists at Rabobank report.
The New Zealand Dollar (NZD) edges lower against the US Dollar on Wednesday as the market mood sours on the back of a vaguely downbeat outlook for the global economy.
NZD/USD dives to a three-day low of 0.5906 below the 50-day moving average (DMA) at 0.5913, despite the Greenback (USD) trading unchanged as shown by the US Dollar Index (DXY), while US Treasury bond yields drop for the second consecutive day.