NZD/USD clings to strong gains near daily peak, eyes mid-0.6200s amid weaker USD – by hareshmenghani NZDUSD RiskAppetite Fed Bonds Currencies
Easing fears of a banking crisis, the Fed’s less hawkish outlook weighs on the Greenback.The NZD/USD pair
Receding fears of a full-blown banking crisis, along with the Federal Reserve's less hawkish outlook, drags the US Dollar lower for the second successive day and turns out to be a key factor lending support to the NZD/USD pair. The market nerves about the contagion risk calmed following the takeover of Silicon Valley Bank by First Citizens Bank & Trust Company.
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