NZD/USD stages a recovery from its recent losses, buoyed by robust Chinese data. As the early European session unfolds on Wednesday, the spot price tr
NZD/USD recovers its recent losses on Chinese economic figures. Weaker Kiwi’s CPI prompted traders to lower their expectations of a rate hike in November’s meeting by the RBNZ. US Dollar receives minor support from upbeat Retail Sales report. ades higher, hovering around 0.5910. Chinese Gross Domestic Product exceeded market consensus in the third quarter, reporting a growth of 1.3% compared to the anticipated 1.0%. The yearly based report for the same quarter revealed a 4.
US Dollar Index struggled to maintain intraday gains after positive Chinese data, hovering around 106.10, US Treasury yields improved, reaching 4.85% for the 10-year US Treasury bond, potentially supporting the Greenback. Market participants are likely to seek more insights into the monetary policy trajectory of the Federal Reserve following dovish remarks from several officials.
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