NZD/USD regains 0.6200 despite downbeat NZIER forecasts, Fed’s Powell eyed – by anilpanchal7 NZDUSD RiskAppetite EconomicHealth China CentralBanks
as the national securities regulator lifted a ban on equity refinancing for listed property firms, per Reuters. “The China Securities Regulatory Commission said late on Monday it would broaden equity financing channels, including private share placements for China and Hong Kong-listed Chinese developers, lifting a ban that has been in place for years,” mentioned the news.
Alternatively, hawkish comments from the US Federal Reserve officials seemed to challenge the NZD/USD bulls ahead of the key event, namely Wednesday’s speech from Fed Chair Jerome Powell, the first since the November Fed meeting. If we take a look at the latest Fedspeak, Richmond Federal Reserve Bank President Thomas Barkin recently mentioned that he supports smaller interest-rate hikes ahead as the central bank moves to bring down too-high inflation. Previously, Cleveland Fed President Loretta Mester marked the need to see several more good inflation reports and more signs of moderation to back the pause in rate hikes. On the same line, St.
Against this backdrop, the US stock futures and equities in the Asia-Pacific region print mild gains despite the downbeat performance of Wall Street. Further, the US 10-year Treasury yields remain depressed near 3.69% by the press time and weigh on the US Dollar amid the risk-on mood. Looking forward, risk catalysts will be important for the immediate directions ahead of the US Confederation Board’s Consumer Confidence for November. However, major attention will be given to Fed’s Powell and then to Friday’s US jobs report for clear directions.NZD/USD rebound remains elusive unless it stays comfortably beyond the 200-DMA and refreshes the monthly high, respectively near 0.6241 and 0.6290 by the press time.
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