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NZD/USD Price Forecast: Bears taking control with 0.5930 support under pressure
The New Zealand Dollar (NZD) is showing the weakest performance of the G8 currencies on Wednesday, heading lower for the second consecutive day against a stronger US Dollar (USD), with NZD/USD bears testing the bottom of the weekly range at 0.5930 at the time of writing.
Fxstreet
Wed, May 13
Eurozone Industrial Production rises steadily by 0.2% in March, misses estimates
The Eurozone industrial sector activity rises steadily by 0.2% in March, slower than 0.3% estimates, according to data published by Eurostat. February’s Industrial Production data was revised lower from 0.4%.Fxstreet
Wed, May 13
Japanese Yen : Recovery against US Dollar faces resistance near 158.30 – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note USD/JPY remains underpinned after a volatile session that saw a spike to 157.76 and a brief drop to 157.04 before closing at 157.61. Intraday, the pair could edge higher but is expected to stay below 157.95.
Fxstreet
Wed, May 13
Euro softens against British Pound ahead of Eurozone GDP data
The EUR/GBP cross loses momentum to near 0.8660 during the early European trading hours on Wednesday. The Euro (EUR) weakens against the British Pound (GBP) due to fears over the Eurozone's economic exposure to energy shocks from the Middle East and stalled US-Iran peace negotiations.Fxstreet
Wed, May 13
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