NZD/USD remains below mid-0.6100s, seems vulnerable near one-month low – by hareshmenghani NZDUSD RiskAppetite Bonds Fed Currencies
s to capitalize on the move. Spot prices trade with a mild positive bias, around the 0.6140 region during the first half of the European session and for now, seem to have snapped a three-day losing streak.US Dollar
, which, in turn, is seen as a key factor lending support to the NZD/USD pair. That said, the prospects for further policy tightening by the Federal Reserve , which, along with a weaker risk tone, help limit the downside for the safe-haven buck and keep a lid on any meaningful upside for the risk-sensitive Kiwi.to curb inflation and have fully priced in a 25 bps lift-off at the next FOMC policy meeting in May.
Meanwhile, worries about economic headwinds stemming from rising borrowing costs temper investors' appetite for riskier assets. This, in turn, could drive some haven flows towards the Greenback and contribute to capping gains for the NZD/USD pair. In the absence of any relevant market-moving economic data, the US bond yields, along with the broader risk sentiment, will influence the USD and provide some impetus to the major.
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