NZD/USD rallies to fresh weekly high, closer to 0.6240-0.6250 supply zone – by hareshmenghani NZDUSD China PMI Fed Currencies
The upbeat Chinese PMIs, a positive risk tone provide a goodish lift to the risk-sensitive Kiwi.NZD/USD
The upbeat Chinese data, which showed that business activity in the country rose to pre-COVID levels, turns out to be a key factor boosting demand for antipodean currencies, including the Kiwi. In fact, China’s officialrose to 52.6 in February - the highest since April 2012. Moreover, the gauge for the non-manufacturing sector climbed to 56.3 in February, or the highest level since June 2022.
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