NZD/USD is under pressure from strong NFP data.

Create at 1 week ago (Jun 10, 2024 20:13)

The US dollar strengthened after the release of the May Nonfarm Payrolls (NFP) report, indicating increased labor demand and a rebound in wage growth. This development has reduced expectations for a rate cut by the Federal Reserve (Fed).

 

At the same time, the announcement of the US Consumer Price Index (CPI) data for May has raised concerns among investors about whether inflation can be controlled. Additionally, the Fed needs to bring inflation back to its target range of 2% before it can reduce interest rates.

 

Source: Fxstreet
 
NZD/USD news today
 
Overview
Today last price 0.6105
Today Daily Change -0.0030
Today Daily Change % -0.49
Today daily open 0.6135
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