USD Strength Fails to Boost NZD/USD Amid Economic Concerns
The US dollar has gained strength ahead of tomorrow's interest rate rise, but this is not the only factor affecting currency markets.
NZD/USD is one pair to watch, despite USD strength, as the latest RBNZ interest rate rise was lower than expected and may stifle NZD.
New Zealand's economy is also a concern, with Q2 growth slowing, while being a net importer of energy and the current Middle East problems are not helping NZD.
The NASDAQ is in a descending triangle, making it vulnerable to higher interest rates, which often look bad for indices, especially with uncertainty about tech stocks and AI.