New Zealand Dollar May Rise, Copper Price Outlook Hones in on All-Time High
New Zealand Dollar, NZD/USD, Copper, Bank of Japan, Japanese Yen – Asia Pacific Market Open Recommended by Daniel Dubrovsky How to Trade FX with Your Stock Trading Strategy Get My Guide The growth-linked New Zealand Dollar outperformed the US Dollar over the past 24 hours, rising alongside the Australian and Canadian Dollars. Market sentiment was broadly upbeat, with indexes in Europe and North America closing in the green. On Wall Street, the Dow Jones, S&P 500 and tech-heavy Nasdaq Composite performed -0.18%, +0.18% and +0.87% respectively. The economic calendar docket was fairly quiet on Monday, with the exception of German IFO expectations and US durable goods orders. Both outcomes missed expectations, hinting that traders were likely focusing on broader fundamental themes. Markets may be looking forward to the Federal Reserve later this week, where the central bank is expected to reiterate recent dovish rhetoric. This may be why growth-oriented stocks ha...
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