NZD/USD continues the losses on fears over the escalating Middle-East situation. Fed Chair Powell's recent statements provided some support for the pair. Upbeat US data is reinforcing the strength of the US Dollar. NZD/USD extends the losing streak that began on Tuesday, trading lower around 0.5820 during the Asian session on Friday.
0% MoM decline in existing home sales, highlight some economic headwinds. The recent New Zealand Trade Balance figures reveal a close resemblance to the previous month's data. In September, the headline Trade Balance recorded a deficit of $2.329 billion, slightly surpassing August's deficit of $2.273 billion. During the week, the headline Consumer Price Index for the third quarter increased to 1.8%, falling short of the expected 2.0%. The yearly rate also decelerated from 6.0% to 5.