NZD/USD Falls as Fed's Waller Hawkish Remarks, Firmer ISM Services Data Underpin Dollar
The New Zealand dollar slid against the US dollar on Tuesday as Federal Reserve Governor Christopher Waller warned inflation risks remain high, while the ISM Services Purchasing Managers Index held at 54.0, as widely expected, compared with 54.5 in the previous month, which underpinned the dollar. From the US front, the economy recorded a trade deficit of $77.60 billion in May. In Tuesday's G10 trading, NZD remained mostly bearish among other currencies. The major event for the kiwi will be the Reserve Bank of New Zealand Interest Rate Decision, due on Wednesday. For the USD, the mild event will be the Consumer Inflation Expectations for June, due later in the day. The NZD/USD pair was trading at 0.56835, with a 0.32% decline during Tuesday's American trading hours at the time of writing.
The New Zealand dollar slid against the US dollar on Tuesday as Federal Reserve Governor Christopher Waller warned inflation risks remain high, while the ISM Services Purchasing Managers Index held at 54.0, as widely expected, compared with 54.5 in the previous month, which underpinned the dollar.
From the US front, the economy recorded a trade deficit of $77.60 billion in May.
In Tuesday's G10 trading, NZD remained mostly bearish among other currencies.
The major event for the kiwi will be the Reserve Bank of New Zealand Interest Rate Decision, due on Wednesday.
For the USD, the mild event will be the Consumer Inflation Expectations for June, due later in the day.
The NZD/USD pair was trading at 0.56835, with a 0.32% decline during Tuesday's American trading hours at the time of writing.