Day: June 12, 2024

NZD/USD Soars to Four-Month High on Dovish US Inflation Report

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The NZD/USD pair skyrocketed to a four-month high near 0.6220 during Wednesday’s New York session. This significant move was triggered by a softer-than-expected US Consumer Price Index (CPI) report, fueling expectations of a Federal Reserve (Fed) rate cut as early as September, which in turn boosted risk appetite among investors. US Inflation Cools, Kiwi Flies […]

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