The NZD/USD pair consolidates below the 0.6000 mark after retracing from the seven-week highs of 0.6048 during the early Asian session on Monday. Trad
New Zealand’s Building Permits for August came in at -6.7% MoM vs. -5.4% prior.The NZD/USD pair
The latest data from Statistics New Zealand on Monday revealed that the nation’s Building Permits for August came in at -6.7% MoM from the previous reading of -5.4%. The Reserve Bank of New Zealand will announce its interest rate decision on Wednesday, and the Official Cash Rate is expected to remain steady at 5.5%.
Federal Reserve Bank of New York President John Williams said on Friday that the central bank is at or near peak for the federal funds rate while mentioning that the Fed will need a restrictive policy stance for some time to achieve goals. Traders will take cues from the Fed’s Chair Jerome Powell's speech later in the American session on Monday.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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