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FXMAG>Articles>Forex>FX: US Core PCE...
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FX: US Core PCE Is Released Today - How Will NZD/USD Interact With This One? New Zealand Dollar To US Dollar Remains Supported at a Fortnight Low

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FX: US Core PCE Is Released Today - How Will NZD/USD Interact With This One? New Zealand Dollar To US Dollar Remains Supported at a Fortnight Low| FXMAG.COM
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  1. Reserve Bank of New Zealand
    1. Data

      NZD/USD eased after dropping to around two-weeks' low following the release of China's PMI data on early Thursday in Asia. The pair fell to 0.6170 before getting supported around 0.6219 as of writing.

      Reserve Bank of New Zealand

      Earlier today, Reserve Bank of New Zealand attempted to justify the central bank's hawkish stance and suggested that it will support the domestic housing market. Nonetheless, it failed to attract buyers due to fears of economic slowdown as well as the firmer US dollar.

      Data

      Today, the US Core Personal Consumption Expenditure (PCE) Price Index data release at 16.30 GST will be an important catalyst for the direction of the NZD/USD pair

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