NZD/USD rises towards the 100-DMA on US inflation showing signs of softening
The NZD/USD advances for the second straight day, up in the week by 3.03%. The US PPI for July rose by 9.8% YoY, less than estimates and last month’s reading. US Initial Jobless Claims jumped for two consecutive weeks, hinting the labor market is moderating. The NZD/USD climbs above the 100-day EMA around 0.6439, courtesy… Read More »
