The NZD/USD is trading into the low end as the Kiwi tests 11-month lows against the Greenback. NZ Trade Balance figures saw little play as the numbers showed little change, for better or for worse. New Zealand's Labour Day holiday on Monday will have Kiwi traders focusing on Tuesday's US PMI release. es on Thursday did little to spark faith in the NZD, while broader markets continue to focus on Federal Reserve talking points.
New Zealand will be taking a long weekend with Kiwi markets dark on Monday for the Labour Day holiday, and the next major datapoint for the NZD/USD pair will be Tuesday's US Preliminary Purchasing Manager Index reading for September, where markets are forecasting a minor downtick in both the manufacturing and services components.
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Source: FXStreetNews - 🏆 14. / 72 Read more »