29 Apr 2015
NZD/USD backs away from 0.7740 after FOMC statement
FXStreet (Córdoba) - NZD/USD erased gains and approached daily lows after the FOMC meeting. The pair was trading above 0.7700 and pulled back to 0.7685. Now is hovering slightly below 0.7700, headed toward the first daily loss since last Thursday.
USD recovers after Fed meeting, RBNZ next
According to the Federal Reserve statement following the 2-day meeting the slowdown in the economy reflected transitory factors and official continues to see moderate growth and jobs gains.
“We think the Federal Reserve still have a tightening bias, which is to say it is looking for an opportunity to hike rates. We anticipate June remains the first opportunity, but September may be a preferable time frame”, said analysts from Brown Brothers Harriman.
Greenback trimmed losses in the market after the report but it was still mostly lower. The kiwi remained weak across the board with investors waiting for the Reserve Bank of New Zealand announcement.
USD recovers after Fed meeting, RBNZ next
According to the Federal Reserve statement following the 2-day meeting the slowdown in the economy reflected transitory factors and official continues to see moderate growth and jobs gains.
“We think the Federal Reserve still have a tightening bias, which is to say it is looking for an opportunity to hike rates. We anticipate June remains the first opportunity, but September may be a preferable time frame”, said analysts from Brown Brothers Harriman.
Greenback trimmed losses in the market after the report but it was still mostly lower. The kiwi remained weak across the board with investors waiting for the Reserve Bank of New Zealand announcement.