NZD/USD rallies to multi-week highs after soft US NFPs
Balita ng Ethereum ng Bitcoin NZD/USD rose by more than 1% to 0.5990, its highest since mid October. The US reported weak NFPs, which triggered a sharp decline in US yields and hawkish bets on the Fed. Eyes on inflation figures from the US from October. On Friday, the NZD/USD rallied, driven by the US Dollar facing notable selling pressure after the release of the soft labour market, which triggered a decline in US Treasury yields and hawkish bets on the Federal Reserve (Fed) for the December meeting. On the Kiwis side, no relevant data was released. The latest data from the US Bureau of Labor Statistics delivered a blow to market expectations, with the Nonfarm Payrolls for October falling short of projections. The report revealed an addition of 150,000 jobs in the US economy, trailing the anticipated 180,000 and showing a slowdown from the revised prior figure of 297,000. Additionally, the Unemployment Rate for the same period rose to 3.9%, surpassing the projected 3.8%. Moreover, the Average Hourly Earnings for October exhibited a sluggish monthly growth of 0.2% but managed to climb to 4.1% YoY, surpassing the expected 4% and outpacing the previous figure of 4.3%. Simultaneously, the US Treasury yields continue to decline, with the