- NZD/USD cleared part of it previous day’s losses and climbed to 0.6130, 0.90% up on the day.
- Core PCE came in at 4.6% YoY vs. the 4.7% expected in May.
- US bond yields retreated, weakening the US Dollar.
On Friday, following the release of soft Personal Consumption Expenditures (PCE) data from the US, the NZD/USD pair staged a recovery, erasing a portion of its previous day’s losses. The pair advanced to 0.6120, marking an increase of 0.80% for the day. Following the data, US bond yields retreated, weakening the US Dollar, but remained in positive territory.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased