NZD/USD slides to 0.6250 on China-Taiwan tension, focus on key inflation data, Fed Minutes – by anilpanchal7 NZDUSD China Fed Inflation RBNZ
bets. However, the Reserve Bank of New Zealand’s 0.50% rate hike and cautious mood ahead of this week’s key data/events, as well as the Easter Monday holiday, put a floor under the prices.
On the other hand, Friday’s upbeat US employment data renewed hawkish Fed bets. However, the market participants also expect a rate cut in late 2023 and hence pour cold water on the face of the NZD/USD bears. That said, the CME’s FedWatch Tool suggests 69% odds of the 0.25% rate hike in May, versus 55% before the US jobs report.
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