ANZPE News: NZD/USD Dominated by U.S. Economic Outlook - 4th Sep 2023, 7:57am

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2046 GMT — The NZD/USD is at 0.5947 early on Monday, following a bruising end to last week in the wake of mixed nonfarm U.S. payroll data. “Short-term correlations remain high as ‘reef fish’ behavior dominates FX markets, with the USD the focus as markets contemplate the outlook for growth and Fed policy,” ANZ Bank says. “Prospects for a U.S. soft landing are front and center, and payroll data played into that vibe, painting a picture of an easing yet still-resilien...

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