Bears returned fully to game on Monday after Friday’s brief pause on Fed Powell’s remarks, pushing the Euro to the lowest in three weeks. The pair slid over 0.5% until mid-US session and cracked pivotal support at 1.0818 (200DMA), looking for a bearish signal on firm break, which will be confirmed on extension and close […]
The New Zealand dollar is sharply lower on Friday. NZD/USD is down 0.61%, trading at 0.6130 in the European session at the time of writing. New Zealand manufacturing PMI misses estimate New Zealand’s manufacturing sector contracted for a 14th straight month in May. The manufacturing PMI fell to 47.2, down from 48.9. New orders have […]
The post NZ Dollar Slips on Soft Manufacturing Data appeared first on Action Forex.
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