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The NZD is the strongest and the USD is the weakest as the NA session begins

The NZD is the strongest and the USD is the weakest as the NA session begins

The NZD is the strongest and the USD is the weakest as the North American session begins. The NZD got a boost from the better China data which showed that growth increased at its fastest pace in 8 months. The manufacturing PMI in China rose to 52.6 which was the highest level in a decade.

The news sent the USDCNH through its 200 day MA at 0.69127 (higher CNH). On Monday, the price tested its 100 day moving average near the 6.99029 level and found willing sellers against the worst defi... Read More

Posted: Mar 1 2023, 13:10
Author Name: forexlive
Views: 102883

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