NZD/USD stays defensive above 0.6200 amid firmer US Dollar, mixed sentiment ahead of NZ Budget – by anilpanchal7 NZDUSD RiskAversion FiscalPolicy Fed Currencies
g early Wednesday morning in Europe. Also challenging the Kiwi pair buyers is the anxiety ahead of New Zealand’s annual budget announcements, scheduled for Thursday.
US congressional leaders cited possibilities of a deal to avoid the debt default by next week after US President Joe Biden and House Speaker Kevin McCarthy wrapped up debt limit negotiations within an hour. However, a lack of details and mixedElsewhere, strong prints of the US Retail Sales and Industrial Production details allowed the Federal Reserve officials to remain hawkish.
NZ FinMin Robertson previously stated that the government budget would have a focus on fiscal sustainability as the government does its bit to keep inflation under control, reported Reuters. That said, China’s NDRC recently mentioned that it'll take measures to unleash consumption potential and to make continuous efforts in stabilizing and expanding manufacturing investment.
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