NZD/USD Struggles To Gain Any Meaningful Traction, Flat-Lines Around 0.6265-70 Area

The NZD/USD pair struggles to capitalize on the move on Monday and attracts fresh sellers near the 0.6300 round-figure mark. During the early European session, spot prices dropped back closer to the lower end of the daily range and traded around the 0.6265-0.6270 region.

The US Dollar (USD) attracts some dip-buying on the first day of a new week and stalls its retracement slide from a two-month high touched on Friday, which, in turn, is seen as a critical factor acting as a headwind for the NZD/USD pair. To a more significant extent, worries over slowing global growth overshadow the optimism over a potential improvement in US-China relations and drive some haven flows toward the Greenback. Any meaningful USD upside seems capped after a surprise breakdown in the US debt ceiling negotiations and less hawkish remarks by Federal Reserve (Fed) Chair Jerome Powell.

It is worth recalling that talks over the potential to raise the government’s $31.4 trillion debt ceiling to avoid an unprecedented American debt default suddenly breaking down at the last week’s end. Furthermore, Powell said on Friday it is still unclear if interest rates will need to rise further amid uncertainty about the impact of past hikes and recent bank credit tightening. Powell reiterated that the central bank would now make decisions meeting by meeting and added that officials could afford to look at the data and the evolving outlook to make a careful assessment after a year of aggressive rate increases.

The factors above trigger a fresh leg down in the US Treasury bond yields, which might hold back the USD bulls from placing aggressive bets and limit the downside for the NZD/USD pair. Investors also seem reluctant and prefer to wait on the sidelines ahead of the key Reserve Bank of New Zealand (RBNZ) monetary policy meeting on Tuesday. The recent survey showed that inflation expectations for the first quarter eased to 2.79% from 3.30% and forced investors to scale back their bets for further rate hikes. This might have set the stage for a dovish shift and favored bearish traders.

The market attention will then shift to the release of flash PMI prints from the US on Tuesday, followed by the FOMC meeting minutes on Wednesday. In the meantime, the focus will remain glued to a critical meeting between President Joe Biden and House Republican Speaker Kevin McCarthy to discuss the debt ceiling. Apart from this, the US bond yields and the broader risk sentiment will influence the USD price dynamics and provide some impetus to the NZD/USD pair.

This Post Has 162 Comments

  27. RamonWeits November 29, 2025 Reply

    cialis generic DmuCialis Dmu Cialis

  31. RamonWeits November 28, 2025 Reply

    Kamagra Oral Jelly NeoKamagra Neo Kamagra

  88. Davidnub November 23, 2025 Reply

    buy Kamagra online: BlueWaveMeds – fast delivery Kamagra pills

  99. Davidnub November 22, 2025 Reply

    Cialis 20mg price: EveraMeds – EveraMeds

  102. Davidnub November 22, 2025 Reply

    Cialis without a doctor prescription: EveraMeds – EveraMeds

  111. Davidnub November 21, 2025 Reply

    cheapest viagra: AeroMedsRx – AeroMedsRx

  124. Davidnub November 20, 2025 Reply

    EveraMeds: EveraMeds – cialis for sale

  133. Davidnub November 19, 2025 Reply

    cheapest viagra: AeroMedsRx – AeroMedsRx

  152. JosephVor September 28, 2024 Reply

    purchase ventolin online: buy Ventolin – ventolin 108

  153. Arnoldtib September 28, 2024 Reply

    Semaglutide pharmacy price: rybelsus cost – Rybelsus 7mg

  162. Melinda March 22, 2024 Reply

    Wow, wonderful blog format! How lengthy have you ever
    been running a blog for? you made running a blog look easy.
    The whole glance of your website is excellent, let alone the content material!
    You can see similar here ecommerce

Leave a Reply

Fund Your Deriv Account

Get VIP Trading Signals

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Information

About US
FAQ
Privacy Policy
Terms of Use

Contact Us

  • Ibadan, Oyo state, Nigeria
  • Contacts@tradewithmac.org
  • +234-8065-318-470

Follow Us

Facebook Twitter Instagram

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.