NZD/USD eyes 0.6200 as risk-off mood ameliorates ahead of Fed Powell’s testimony – by Sagar_Dua24 NZDUSD Fed TradeBalance RiskAppetite Employment
The Fed is expected to analyze February’s economic data before endorsing more rates.pair is aiming to recapture the round-level resistance of 0.6200 in the early Tokyo session. The Kiwi asset has been strengthened as the risk-off market mood is ameliorating ahead of Federal Reserve chair Jerome Powell’s testimony.
MUFG said “It doesn’t expect Fed Chair Jerome Powell to endorse that scale of further tightening” when the Fed chief takes to Capitol Hill to deliver his semi-annual testimony before Congress.
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