NZD/USD begins the key week on a back foot around 0.6200, focus on Fed’s Powell, US NFP and China – by anilpanchal7 NZDUSD China Fed NFP RiskAppetite
Cautious mood ahead of Fed Chair Powell’s testimony, US jobs report and China inflation data weigh on Kiwi pair.
As per the latest updates, China NPC eyes a modest growth of 5.0%, versus market expectations of 6.0%, for the current year. Apart from the softer expectations, after reporting the slowest yearly GDP growth of 3.0% in decades, geopolitical concerns were also discussed and weighed on the sentiment, as well as the NZD/USD prices.
It should be noted, however, that the Federal Reserve talks remained hawkish and tried to defend the US Dollar bulls, as well as propel the US Treasury bond yields. Over the weekend, San FranciscoPresident Mary Daly said that if data on inflation and the labor market continues to come in hotter than expected, interest rates will need to go higher, and stay there longer, than Fed policymakers projected in December, as reported by Reuters.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gold Price Forecast: XAU/USD bulls focus on Federal Reserve Chairman Powell, United States jobs reportGold price (XAU/USD) began March on a front foot, by posting the first positive weekly close in five. The XAU/USD bulls keep the reins during the earl
Weiterlesen »
In fentanyl overdose case, police uncovered video evidence Martinez man molested multiple girls, feds sayJavier “Lucky” Ramirez is now looking at a mandatory minimum of 10 years, with the potential for life in prison, if convicted.
Weiterlesen »
Man stole federal benefits meant for missing girlfriend’s disabled son, feds allegeThe woman went missing in 2017 and her whereabouts remain unknown, investigators said.
Weiterlesen »
Feds urge railroads to review sharing of hazardous shipment informationA federal advisory called on railroads to review how they share info about dangerous shipments with local communities, saying it was concerned that some crews responding to the Ohio train derailment might not have had access to a key data sharing app.
Weiterlesen »
Essential oils distributors fined by feds over claims of product efficacy against COVID-19The Federal Trade Commission and the Department of Justice have permanently enjoined three doTERRA distributors for their claims that their products could counteract COVID-19.
Weiterlesen »
With Norman Powell out, Clippers are edged at Sacramento for fifth loss in a rowRussell Westbrook and Paul George helped the Clippers rally, but the team lost 128-127 at Sacramento. There's no timetable yet for Norman Powell's injury.
Weiterlesen »