NZD bullish: NZ PM Ardern invited to Australia’s National Cabinet on Tuesday

Dhwani Mehta FXStreet

Amid renewed US-China trade concerns, the kiwi dollar is offered a brief reprieve from the positive headlines, citing that New Zealand’s (NZ) Prime Minister Jacinda Ardern is invited to Australia’s National Cabinet scheduled on Tuesday.

The Cabinet gathering is mainly to discuss the coronavirus response while the proposal to re-open the air travel between both the OZ economies will also make it on the agenda.

NZD/USD Price Analysis: Bounces 20 pips from session lows

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD edges lower below 1.1650 as Middle East tensions fuel US Dollar strength

The EUR/USD pair trades in negative territory around 1.1635 during the early Asian session on Thursday. The US Dollar strengthens against the Euro as escalating Middle East conflict boosts safe-haven flows. Traders brace for the Eurozone Retail Sales and US weekly Initial Jobless Claims reports, which will be released later on Thursday.

GBP/USD tests key moving averages as growth downgrade weighs

GBP/USD was nearly flat on Wednesday, edging up 0.08% to settle around 1.3370 in a quiet session. The pair has fallen sharply from its late-January high near 1.3870 and is now testing the 200-day Exponential Moving Average, with this week's one-week forex heatmap showing Pound Sterling as one of the worst performers against the US Dollar, down about 1.4% on the week.