Bank of America, the second-largest US bank, joins JP Morgan Chase and Citigroup in banning credit card purchases of cryptocurrencies. Visa and Mastercard reclassify crypto transactions as 'cash advance,' adding a 5% fee. Traditional finance distances itself from digital assets.
NZD/USD remains above 0.5800 as markets price in further RBNZ tightening amid persistent inflation and firm wage growth. Diverging policy expectations between the RBNZ and the Fed are becoming the key driver of the pair.
NZD/USD retreated after failing near 0.6150 and slipped below 0.6100, signaling weakening momentum. A cautious RBNZ, hawkish Fed stance, mixed dairy prices and weaker risk sentiment are increasing short-term downside pressure on the Kiwi.
NZD/USD remains under pressure below 0.5700 as escalating Middle East tensions drive investors into the US dollar and other safe-haven assets. Bearish technical signals and broader risk-off sentiment continue to weigh on the New Zealand dollar.
Escalating Iran tensions trigger a USD safe-haven rally, crashing NZD/USD below 0.6000. The risk-off sentiment spills into crypto, with Bitcoin retreating. Focus shifts to upcoming New Zealand CPI and employment data.
Escalating Iran tensions trigger safe-haven flows into USD, driving NZD/USD below key supports near 0.6000. Markets await NZ CPI and business surveys for RBNZ policy clues.
Geopolitical tensions in Iran drive a massive flight to USD, sending NZD/USD to multi-week lows near 0.6000. Markets now await New Zealand CPI and business confidence data, which could define the next move.
The NZD/USD pair plunged in early Asian trade as escalating Iran tensions fueled a flight to safety, driving the US dollar higher. The pair broke below 0.6050 support and now faces the critical 0.6000 psychological level. Markets await NZ CPI and business confidence data for policy cues.
