Daily FX Analysis - Currency Pairs React to Key Levels Amid Geopolitical Shifts
Introduction: The provided content discusses recent developments in currency pairs in the foreign exchange market. It covers the NZD/USD pair’s decline due to downbeat consumer inflation in New Zealand and the potential impact of U.S. data. Additionally, it touches on the USD/CAD pair’s price recovery, the USD/CHF pair’s movements amid renewed USD demand, and the EUR/GBP pair’s response to UK wage inflation data. These insights provide a snapshot of the current market conditions for these currency pairs. NZD/USD: NZD/USD Declines To 0.5900 On Downbeat Kiwi Consumer Inflation, US Data Eyed. NZD/USD reverses recent gains following weaker New Zealand economic data. The Kiwi headline CPI (Q3) increased to 1.8% from the anticipated 2.0%; the annual rate decreased. The US dollar could admire the improved US Treasury yields. NZD/USD pulled back from the recent gains following the release of negative consumer inflation data from New Zealand, trading down around 0.5900 during the early Eu...