After the words of Fed Chair Jerome Powell, the market has got confidence.
Tag - nzd - new zealand dollar
The Reserve bank of New Zealand holds a meeting on Wednesday at 3:00 MT time.
Will we see new dovish insights?
The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.
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New Zealand published encouraging labor data. Stock indices surged on better-than-expected earnings of Google and Amazon.
Asian shares climbed to near all-time highs on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by the optimism of a $1.9 trillion fiscal stimulus plan to help revive the US economy.
President-elect Biden will present details of his plans to support the economy through the pandemic, while Federal Reserve chairman Jerome Powell may offer some reaction in a speech later.
Where will the Antipodean currency go in 2021?
Nothing can be better in the eyes of a perfectionist trader than a clear support at 0.70 on the H4 chart of this pair. How do we trade it in the long-term?
Strengthening of the USD got both AUD/USD and NZD/USD down. How to trade it?