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
Bloomberg ETF analyst: Grayscale may launch its first Dogecoin ETF
Data: BitMine currently holds approximately 3.56 million ETH, with an unrealized loss of $2.98 billion.
Data: A certain whale deposited 10 million USDC into Hyperliquid and went 20x long on BTC.