NZD/USD pressured in a firmer US Dollar environment – by fx_ross NZDUSD Currencies DollarIndex Fed
US Dollar firms on JPMorgan Chase's takeover of First Republic Bank.has been trading in a sideways fashion to start the week in choppy holiday conditions. The pair travelled between a low of 0.6161 and 0.6200.
"Our government invited us and others to step up, and we did," JPMorgan Chase CEO Jamie Dimon said in a statement. "This acquisition modestly benefits our company overall, it is accretive to shareholders, it helps further advance our wealth strategy, and it is complementary to our existing franchise."
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