Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets
The New Zealand dollar remained stable following ambiguous U.S. job data, offering no clear direction for potential rate cuts by the U.S. Federal Reserve. As of early Monday, the kiwi traded at 61.79 US cents, slightly down from 62.22 US cents late Friday. Market participants had hoped that the labor market report would clarify whether the Fed would cut interest rates by 25 or 50 basis points in September, but the weak payroll growth did not provide a decisive answer. This uncertainty left the kiwi in a holding pattern as traders await more definitive guidance from the Fed.
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