By Krishna K — May 25 - 10:00 PM
NZD/USD +0.2% in Asia on light short covering after its 3.4% drop this week
Upside limited as resilient U.S. economy and higher yields propel USD
Fed 25bps June rate hike chances at 52% on CME Tool from 36% Thu, caps NZD
RBNZ signal Wednesday that rate hikes are over continues to weigh on Kiwi
Optimism on U.S. debt ceiling deal, weak Asian currencies undermine NZD
Fri range 0.6076-0.6049, support 0.6045-50, 0.6025-30; resistance 0.6100-10
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Source:
Refinitiv IFR Research/Market Commentary