NZDUSD NZD/USD
- 0.61179
- +0.00768+1.27%
NZD/USD News
US CPI data shows that inflationary pressure has weakened, and USD/JPY fell more than 1% intraday
On Wednesday (May 15), the USD/JPY exchange rate fell 1.1% to 154.736 in the US market, then narrowed part of the decline. The yen exchange rate has fluctuated greatly in recent weeks. At the end of April, it fell below 160 for the first time since 1990, then rebounded sharply after two rounds of suspected intervention by the authorities.
Wall Street reviews US CPI: Opening the door to this year's interest rate cuts will be enough for the Federal Reserve to cut interest rates in September
Wall Street analysts said that even if the April inflation data does not allow the Federal Reserve to cut interest rates in July, it is enough to cut interest rates starting in September. However, some analysts are conservative and believe that retail sales data falling short of expectations may be a major hidden danger, indicating that the Federal Reserve needs to obtain more evidence before taking action.
NZD/USD IG Client Sentiment: Our Data Shows Traders Are Now Net-short NZD/USD for the First Time Since Mar 12, 2024 When NZD/USD Traded Near 0.61.
Retail Sales Flat in April, Falling Short of Wall Street's Expectations
The US consumer showed signs of slowing in April.
U.S. Consumer Prices Increased 3.4% in April From Year Earlier -- WSJ
U.S. inflation eased in April, with a key measure of price pressures slowing to its lowest level since spring 2021.
Ichimoku Cloud Analysis: EUR/USD, XAU/USD, NZD/USD
EUR/USD is rising within a bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0795 is expected, followed by a rise to 1.0920. An additional signal confirming the rise will be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 1.0715, indicating a further decline to 1.0625.
Forex Today: US Dollar Struggles to Find Demand as Focus Shifts to Inflation Report
The US Dollar (USD) is finding it difficult to stay resilient against its major rivals in the European morning on Wednesday.
Growing Uncertainty Seen Over USD Outlook
0629 GMT - Uncertainty over the U.S. dollar outlook has risen, especially in view of the reduced visibility on the Federal Reserve front, Benoit Anne, managing director at the Investment Solutions Gro
NZD/USD Attracts Some Buyers Above 0.6060, Focus on US PPI and CPI Data
The NZD/USD pair gains traction near 0.6055 on Wednesday during the early European trading hours.
US Inflation Data to Show Small Step in Right Direction for Fed
Forecasters expect a monthly report on US consumer prices to show inflationary pressures moderated in April after three straight worse-than-anticipated readings to start the year.
The US PPI growth rate hit a nearly one-year high. Powell said it was “not hot, just mixed feelings”
PPI, which measures changes in prices paid by manufacturers to suppliers, rose 0.5%, much faster than the 0.1% decline in March. “I wouldn't say it's hot; I'd say it's a bit mixed,” Powell said on Tuesday. He was referring to the new overall inflation data.
US CPI Data Expected to Show Slow Progress Towards 2% Target
The high-impact US Consumer Price Index (CPI) inflation data for April will be published by the Bureau of Labor Statistics (BLS) on Wednesday at 12:30 GMT. Inflation data could alter the market’s pricing about the timing of the Federal Reserve (Fed) policy pivot, while uncertainty regarding the rate outlook grows amid policymakers’ hawkish tone and disappointing macroeconomic data releases. Hence, a surprise in CPI data could ramp up the US Dollar’s (USD) volatility.
US inflation in April may be disappointing, and the dollar may be under pressure as a result!
On May 15 at 20:30 Beijing time, the US will release the April CPI report. Market analyst Diego Colman said that after the PPI data rose on Tuesday, the upcoming April inflation data is also likely to disappoint, thereby weakening people's confidence in the deflationary trend. In his view, a moderate inflation report that falls short of Wall Street's expectations should put pressure on bond yields and the dollar, creating a favorable background for precious metals.
Goldman Sachs No. 2 warns of the US debt problem that government borrowing may be unsustainable
Goldman Sachs President John Waldron said that the US government should not be misled into believing that people's appetite for US debt is endless.
NZD/USD Price Analysis: Bearish Trend Sustains Despite Upward Movements
On Tuesday, the NZD/USD saw gains but the pair maintains and overall bearish outlook.
America's household debt hits a record high, and financial pressure is increasing due to inflation
The Zhitong Finance App learned that the US household debt problem is getting worse. It has set a new record and reached 17.7 trillion US dollars, an increase of 1.1% compared to the previous quarter (an increase of 184 billion US dollars). This data highlights the increasing financial pressure faced by American households against the backdrop of increasing inflation. According to the “Quarterly Report on Household Debt and Credit” released by the Federal Reserve Bank of New York on Tuesday (May 14), since the COVID-19 pandemic began, US consumer debt has increased by a total of 3.4 trillion US dollars, and interest rates on debt have also risen. Prices are rising, especially for necessities such as food and rent,
Fed's Mester: Fed Is in a Really Good Place, Not in a Rush to Change Rates
As reported by the Wall Street Journal, Federal Reserve (Fed) Bank of Cleveland President Loretta Mester noted in an interview on Tuesday that she believes the Fed is in a "really good place" regarding rates.
Traders Are Ready for Dollar to Drop After US Inflation Data
Currency traders are girding for a drop in the dollar in the wake of Wednesday’s key US inflation report.
Forex Today: Fed Rate Cut Bets and US CPI Come to the Fore
The Greenback extended the discouraging start to the week and retreated to multi-day lows as market participants digested sticky US producer prices and the neutral message from Chair Powell ahead of the release of US CPI on Wednesday.
U.S. Inflation Could Be Getting Less Sticky -- Market Talk
There are signs that U.S. inflation could be getting less sticky, Piper Sandler economists say in a note.