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TDUX
Jul 27 - 08:55 PM

NZD/USD - Fading Despite Pipeline Of RBNZ Hikes

By James Connell  —  Jul 27 - 07:46 PM

• NZD/USD -0.6% from Mon 0.5810 high as pair's week-long downturn resumes

• Futures pricing implies 90.6% chance of Sep RBNZ hike, but NZD struggling

• Oil prices sharply lower as Trump continues to pump Iran peace attempts

• Attention turns to latest U.S. tariffs in wake of the U.S.-Iran war pause

• FOMC meeting outcome also due Wed, no FFR change expected, dialogue crucial

• Range NZ 0.57725-845, support 0.5627 5580, resistance 0.5873 0.5990-95
NZD Daily 55-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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