NZD/USD attempts a break of oscillation above 0.5800 ahead of Caixin PMI – by Sagar_Dua24 NZDUSD PMI Employment Fed DollarIndex
Chinese official manufacturing PMI remained downbeat amid zero Covid-19 policy.
The commodity-linked currency refused to sustain below the critical support of 0.5800 on Monday and rebounded firmly unlike the other risk-sensitive currencies, which remained crippled against the greenback. Meanwhile, risk sentiment remained dampened as Federal Reserve ’s pre-anxiety period is compelling investors to hide behind safe-haven assets. advanced sharply on Monday after a breakout above the round-level hurdle of 110.00. Also, the 10-year US Treasury yields jumped to 4.05%.
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