The NZD/USD pair steadied its bid above the 0.5900 circular resistance late in the European session.
Inflation data showed a nominal improvement but the overall outlook remains vulnerable as household demand is thin due to slow job growth. Investors hope a series of stimulus supports to stimulate the Chinese market will boost growth prospects.
Inflation data showed a nominal improvement but the overall outlook remains vulnerable as household demand is thin due to slow job growth. Investors hope a series of stimulus supports to stimulate the Chinese market will boost growth prospects.
