<\/p>\n
\n Share:<\/span><\/p>\n The NZD\/USD pair holds above the 0.6100 psychological mark during the early Asian session on Tuesday. The uptick of the pair is bolstered by the US Dollar<\/a> (USD) weakness. The highlight of this week will be the Reserve Bank of New Zealand (RBNZ) monetary policy meeting on Wednesday. NZD\/USD currently trades near 0.6103, gaining 0.07% on the day.<\/p>\n The New Zealand central bank is expected to keep its overnight cash rate at 5.50% for the fourth consecutive meeting on Wednesday, and there is speculation of a future rate cut, although the specific timeframe remains uncertain.\u00a0Meanwhile, the new Chinese stimulus plan to boost the property sector lends some support to the China-proxy New Zealand Dollar (NZD).<\/p>\n On the USD\u2019s front, the US housing data on Monday suggested that higher mortgage rates<\/a> took a bite out of demand in October. The Census Bureau and the Department of Housing and Urban Development reported that New Home Sales fell 5.6% MoM to 679K in October, worse than the 725K expected. Meanwhile, the Dallas Fed<\/a> Manufacturing Index for November came in at -19.9 versus -19.2 prior. That being said, the softer US data weighs on the Greenback and acts as a tailwind for the\u00a0pair.<\/p>\n Traders will keep an eye on the US data on Tuesday, including the US Housing Price Index, the S&P\/Case-Shiller Home Price Indices, CB Consumer Confidence, and the Richmond Fed Manufacturing Index. The attention will shift to the RBNZ interest rate decision<\/a> on Wednesday. These events could trigger volatility in the market and provide a clear direction for the NZD\/USD pair<\/a>.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Share: NZD\/USD gains ground above the 0.6100 area on Monday. The Reserve Bank of New Zealand (RBNZ) is expected to keep its overnight cash rate at 5.50% on Wednesday. US New Home Sales data on Monday suggested that higher mortgage rates took a bite out of demand in October. Investors await the US economic data […]<\/p>\n","protected":false},"author":2,"featured_media":13070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,333,277,715,252,247,253,714,249,256,254],"class_list":["post-201889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-macroeconomics","tag-majors","tag-nzdusd","tag-oracle","tag-polygon","tag-quickswap","tag-rbnz","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/201889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=201889"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/201889\/revisions"}],"predecessor-version":[{"id":201891,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/201889\/revisions\/201891"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/13070"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=201889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=201889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=201889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n