NZD/USD declines to near 0.5700 on weak Chinese PMI, US NFP data looms

NZD/USD declines to near 0.5700 on weak Chinese PMI, US NFP data looms

The NZD/USD pair extends the decline to a near four-month low around 0.5710 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) on the downbeat Chinese economic data and heightened geopolitical tensions in the Middle East. Trading volumes are likely to be thin due to the […]

Oil price rise is quite serious, everything depends on how long it lasts

Oil price rise is quite serious, everything depends on how long it lasts

Federal Reserve Bank of Chicago President Austan Goolsbee said on Thursday that he is concerned about the timing of rising oil prices, stating that they could hinder efforts to reduce inflation. Key quotes Oil price rise is quite serious, everything depends on how long it lasts.  If extended period of oil price rise, will see it […]

NZD/USD weakens as Iran war tensions rise

NZD/USD weakens as Iran war tensions rise

The NZD/USD pair is trading around the 0.5710 region, maintaining a bearish tone amid heightened geopolitical tensions and risk aversion, as the US Dollar (USD) strengthens. The Greenback remains well supported after Donald Trump signaled a more aggressive stance toward Iran, warning that additional weeks of conflict are likely. Reports also suggest that Iran is […]