NZD/USD ends two-day gain streak and falls toward 0.6200 – by christianborjon NZDUSD Majors Currencies
by Fed’s hawkish commentary and expectations for further tightening. US economic data showed further deterioration, but inflation expectations increased the likelihood of another Fed hike past the May meeting. At the time of writing, the NZD/USD is trading at 0.6207, down 1.38%.Wall Street is set to finish the last trading day of the week with losses. US data in the United States showed that the economy is slowing down, as demonstrated byand Industrial Production.
Those two reasons drove the NZD/USD price action. As the data was released, the NZD/USD hovered around 0.6260 before collapsing toward the day’s low of 0.6195.
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