New Zealand Dollar Rebounds

NZD/USD regains mid-0.5800s after two-week lows The New Zealand Dollar has recovered some ground against the US Dollar, regaining the mid-0.5800s. A survey showed inflation expectations easing to 2.34% from 2.53% previously. The US Dollar lost momentum afte

NZD/USD regains mid-0.5800s after two-week lows

The New Zealand Dollar has recovered some ground against the US Dollar, regaining the mid-0.5800s.

A survey showed inflation expectations easing to 2.34% from 2.53% previously.

The US Dollar lost momentum after soft US producer prices and a rise in weekly Initial Jobless Claims cooled bets on further Federal Reserve tightening.

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