{"id":256530,"date":"2024-02-29T17:25:56","date_gmt":"2024-02-29T11:55:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=256530"},"modified":"2024-02-29T17:25:56","modified_gmt":"2024-02-29T11:55:56","slug":"kiwi-is-vulnerable-to-a-stronger-greenback-on-us-data-surprises-dbs-bank-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/kiwi-is-vulnerable-to-a-stronger-greenback-on-us-data-surprises-dbs-bank-crypto-news\/","title":{"rendered":"Kiwi is vulnerable to a stronger Greenback on US data surprises \u2013 DBS Bank &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>NZD\/USD plunged by after the Reserve Bank of New Zealand (RBNZ) reverted to a dovish hold. Economists at DBS Bank analyze Kiwi\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\" data-fxs-autoanchor=\"\">outlook<\/a>.<\/p>\n<h2 class=\"fxs_headline_medium\">Fed Chair Powell will seek to discourage markets from repricing excessive rate cuts<\/h2>\n<blockquote>\n<p>With the RBNZ\u2019s rate hike bias diminished, NZD\/USD is vulnerable to a stronger Greenback on US data surprises today.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>Although consensus expects the US PCE core deflator to fall to 2.8% YoY in January from 2.9% in December, the Fed will be more concerned about the expected rise to 0.4% MoM from 0.2% for the comparable periods.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>If US initial jobless claims deliver another surprise fall, next week\u2019s nonfarm payrolls could defy the consensus to fall below the 200K mark.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>During his semi-annual congressional testimonies on March 6-7, Fed Chair Jerome Powell will seek to discourage markets from repricing excessive rate cuts amid a resilient US economy, which the Fed worries could stall or reverse the progress achieved so far to restore price stability.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: NZD\/USD plunged by after the Reserve Bank of New Zealand (RBNZ) reverted to a dovish hold. Economists at DBS Bank analyze Kiwi\u2019s outlook. Fed Chair Powell will seek to discourage markets from repricing excessive rate cuts With the RBNZ\u2019s rate hike bias diminished, NZD\/USD is vulnerable to a stronger Greenback on US data surprises [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4767,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,366,255,388,250,715,252,247,253,714,249,256,254],"class_list":["post-256530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-fed","tag-gta","tag-inflation","tag-looks-rare","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\/256530","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=256530"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256530\/revisions"}],"predecessor-version":[{"id":256531,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/256530\/revisions\/256531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/4767"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=256530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=256530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=256530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}