NZD/USD bulls pressured as US strength shines through ahead of big week – by fx_ross NZDUSD DollarIndex Commodities Currencies
Key data events will be challenging for the bird. ended the day a little lower on Friday, losing some 0.26% from the high of 0.5873 and reaching a low of 0.5782.
''The US PCE deflator may have come in a touch below expectations, but the core inflation is still very elevated,'' analysts at ANZ Bank argued. ''Locally, it’s almost guaranteed that the Q3 labour market statistics will clock the labour market at inflationary levels , but as is always the case, the volatile HLFS data is capable of producing a decent miss vs market expectations.
, it is expected to raise its cash rate by 25bps, according to 28 out of the 32 respondents polled by Reuters, whilst a handful look for a 50bps increase. Westpahas have been calling for a 50bps increase “in November for a terminal rate of 3.85% by March, revised up from 3.6%.” Analysts at NAB have argued for just a25bps hike. "In these circumstances, the RBA will need to moveNZD/USD