NZD/USD steadies near 0.6300 amid softer New Zealand PMI, recession woes – by anilpanchal7 NZDUSD Recession PMI Inflation Fed
weakness ahead of the final dossier of the US data.
Also challenging the Kiwi pair buyers are the latest comments from New Zealand Finance Minister Grant Robertson as he said that New Zealand might have a recession, but it will be a shallow one. Apart from the softer US data, recent comments from the global rating agency Fitch also favors NZD/USD bulls as it said that solid fundamentals are supporting Australian and New Zealand banks in a more difficult environment.
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