New Zealand Dollar Climbs to Two-Month High Despite Weaker China Data

New Zealand Dollar climbs to two-month high despite weaker China data

NZD/USD extends its advance on Monday and trades around 0.5915 at the time of writing, up 0.37% on the day. The pair reaches its highest level since early June, mainly supported by broad-based weakness in the US Dollar (USD), while the New Zealand Dollar (NZD) shrugs off disappointing Chinese economic data. The Kiwi remains closely tied to the outlook for the Chinese economy, as China is New Zealand’s largest trading partner. However, data relea…

NZD reaches 2½-month high then pulls back slightly

Oil prices are higher after Iranian TV confirmed the seizure of an oil tanker in the Strait of Hormuz. Global bond markets continue to trade heavily, with long-end rates in the US, Germany and Japan reaching fresh multi-decade highs

NZD/USD Climbs To Highest Since June 3 As Dollar Remains Under Pressure

BitcoinWorld NZD/USD climbs to highest since June 3 as dollar remains under pressure The New Zealand dollar advanced beyond 0.5900 against the US dollar on [date], reaching its highest level since June 3, as the greenback remained under broad selling pressure. The pair’s climb reflects a combination of a softer US dollar and improving risk sentiment in global markets. Why is the US dollar weakening? The US dollar has been on a downtrend recentl…