NZD/USD surges above 0.6550s, amidst a positive mood ahead of the US NFP

The NZD/USD shifts to positive in the week, up by 0.34%. An upbeat market mood weighs on the greenback and boosts the NZD. Fed officials support 0.50% hikes in June and July but remain unsure about September. NZD/USD Price Forecast: A break above 0.6568 to open the door for further gains. The NZD/USD soars in … Read more

AUD/USD surges to a fresh-weekly high around 0.7250s, set to break above the 200-DMA

The AUD/USD is the strongest currency in the North American session, and the greenback trades soft. European and US equities reflect a mixed mood; in the FX space, safe-haven peers fall. Fed’s Brainard: Not so sure about pausing in September because she does not have a clear sense of how the economy would be. AUD/USD … Read more

No.1 challenge is getting inflation down, expect some cooling of the economy

Vice Chairwoman of the US Federal Reserve Lael Brainard said on Thursday that the Fed is seeing mixed signals on the economy, but the number one priority remains getting inflation down, reported Reuters citing an interview on CNBC. Brainard added that she does expect to see some cooling of the economy over time, and that … Read more