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FxWirePro: NZD/USD retreats as Middle East instability weighs
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EconoTimes RSS
• NZD/USD eased on Friday escalating geopolitical tensions in the Middle East weighed on kiwi dollar.
• Investors turned more cautious after Yemen's Houthi movement claimed to have launched large-scale ballistic missile and drone attacks, adding to concerns over regional stability.
•The renewed supply concerns lifted WTI crude, weighing on risk-sensitive currencies such as the New Zealand dollar.
• Market attention is now firmly focused on Friday's U.S. July non-farm payrolls report, with economists expecting job growth of around 80,000.
Recommendation: Good to sell around 0.5870 with stop loss of 0.5930 and target price of 0.5800