NZD/USD's Rally May Have Further to Run -- Market Talk
2220 GMT - The NZD/USD took a breather last week, consolidating in the low 0.61s, but it may only be a matter of time before the cross appreciates once more. "There remains potential for another leg higher to 0.62," says Westpac. "The RBNZ's hawkish shift last week is supportive , while U.S. data this week will be important." In particular, PCE inflation is expected to soften slightly. Westpac adds that NZD/USD could exceed 0.62 in the September quarter if market pricing for Fed and RBNZ rate cuts move in line with its own expectations. NZD/USD is at 0.6125 early on Monday.
U.S. stocks ended little changed on Tuesday (Oct. 22), but the Nasdaq eked out a modest gain while investors kept an eye on Treasuries yields and awaited more earnings to assess the health of American companies.Regarding the options market, a total volume of 35,672,157 contracts was traded on Tuesday.Top 10 Option VolumesTop 10: $Nvidia(NVDA)$; $Tesla(TSLA)$; $Microsoft(MSFT)$; $Apple(AAPL)$; $Amazon(AMZN)$; $AMD(AMD)$; $Super Micro Computer(SMCI)$; $General
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