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NZD/USD begins the week with the gap-down as US-China tussle disappoints Antipodeans

4 monthes ago   |   By FXCM

NZD/USD can't ignore intensifying US-China trade war.
The US President announced harsh measures in retaliation to China's fresh tariffs.
RBNZ's Orr preferred “wait and watch” on Friday whereas Jackson Hole couldn't tame the bears.
Following its upbeat closing on Friday, NZD/USD begins the week's trading with a bearish gap to 0.6385 at the start of Asian trading on Monday.
Contrast to the Reserve bank of New Zealand's Governor Adrian Orr's preference for the “wait and watch” approach after 50 basis points of the rate cut, the Federal Reserve Chairman Jerome Powell cited downside economic...
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