The New Zealand dollar (NZD/USD) is growing by 0.57% and is at its highest level this year.
For the time being, the market is calmly approaching the risk of another deterioration in US-China relations.
The changes are cosmetic on Friday, as most of the movement was made last night. The dollar remains weaker to most currencies, although it is difficult to explain it clearly. The stock markets rebounded yesterday evening after the sale that followed the FOMC announcement on Wednesday, but on Friday the weakness returns.
The dollar (USD) continues to be weak. The stock markets are rebounding
The strongest currency is now the New Zealand dollar, which is related to the statement of the local Finance Minister, who, in the opinion of the RBNZ, will not change the parameters of monetary policy in the coming months, as the support so far proved sufficient.
The NZDUSD exchange rate is rising by 0.57% and is at its highest level this year.
For now, the market is calmly approaching the risk of another deterioration in US-China relations. The pretext may be the announced maneuvers of Chinese troops around Taiwan to protect their “territorial integrity,” as it has been determined. For some time now, the governmental media there has been a hostile attitude towards the U.S., which is accused of interfering in China’s internal affairs. The theme of a forcible solution to Taiwan, should it wish to join the United Nations, is rewritten.