Analyst: Risk aversion sentiment and minor non-farm data jointly boost the dollar
The New Zealand dollar weakened against the US dollar in Asian markets. On Wednesday, U.S. President Biden said that the Group of Seven is coordinating a response to Iran's attack on Israel, which includes imposing new sanctions on Tehran. Analysts from Bank of Malaysia stated in a foreign exchange research and strategy report that investors continue to seek refuge in the US dollar and pointed out they may be subject to sanctions. The analysts also mentioned that better-than-expected U.S ADP data has boosted the US dollar. (Jin10)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The transaction fee for the Bitcoin network has fallen back to 2 Sat/byte
CryptoQuant: The increase in demand is key to BTC price reaching $100,000 in Q4