Discover How the New Zealand Dollar Reacted After Sharp Gains – Stay Informed!
US PPI Misses Expectations – What Does This Mean for the Fed?
Get ready for the Fed meeting on Sept. 18 – Will they cut interest rates? Find out the latest updates and market expectations. The US PPI dropped to 1.7% in August, below market estimates, leading to speculations about a potential 50-basis point rate cut. How will this impact the economy?
With the manufacturing sector still in contraction mode and the PMI at 45.8 in August, the US economy is facing challenges. Will the Fed choose a modest 25 bps cut or go for a more aggressive move? Stay tuned for more insights.
Technical Analysis: NZD/USD
- Key support at 0.6164 with further support at 0.6142
- Resistance levels at 0.6205 and 0.6223
**Analysis:** The article discusses the impact of the US PPI missing expectations on the New Zealand dollar, with a focus on the upcoming Fed meeting and potential rate cuts. It highlights the challenges faced by the US economy, particularly in the manufacturing sector, and provides technical analysis for the NZD/USD pair. Readers are encouraged to stay informed about these developments as they can have significant implications for their finances and investment decisions.