The speculation that the Federal Reserve may raise interest rates as early as this month has boosted the US dollar,

Huitong Network3month3Daily News - Friday（3month3The speculation that the Federal Reserve may raise interest rates as early as this month boosted the US dollar, coupled with China's previously announced Caixin Service IndustryPMIThe data fell to a four month low, putting pressure on the New Zealand dollar and causing it to fall against the US dollar, hitting a nearly six week low at one point0.7023。

According to data released during the early trading session in Asia, China2Yuecai New Service IndustryPMIDecreased compared to the previous month0.5Point to four month low point52.6, below the previous value53.1After the data was released, the Australian dollar and New Zealand dollar accelerated their decline, and commodities such as the Australian dollar and New Zealand dollar may reverse their previous strong upward trend this week.

Those surveyed by Reuters44Analysts provided insights and2Similar estimates from monthly surveys suggest that the New Zealand dollar is expected to exchange with the US dollar in one month0.71In three months, it is expected to be available0.70。

However, analysts are not as pessimistic about the longer-term trend of the New Zealand dollar as last month, and it is expected that the New Zealand dollar will fall against the US dollar in six months0.6950Previously2Estimated during monthly survey as0.6500One year later0.6875，2Estimated during monthly survey as0.6867。

The analyst team of WestPacific Bank turned bearish on the trend of the New Zealand dollar next week, believing that the New Zealand dollar is expected to fall against the US dollar2Since the beginning of the month0.7130-0.7245Below the interval, even further down0.7000The integer level. As the strong US dollar will continue to dominate the low position,3The next major event before mid month is the fourth quarter of New ZealandGDPData and New Zealand Federal Reserve's interest rate resolution.

Next week, New Zealand will still release a series of economic data. Monday（3month6Japan needs to pay attention to New Zealand1Monthly construction permit rate, Tuesday（3month7New Zealand Federal Reserve Chairman Wheeler(Graeme Wheeler)Making non-public speeches, these economic data also require close attention from investors.

Technically, pay attention to the support level below the New Zealand dollar against the US dollar0.70The integer threshold, breaking through or further lowering12month23Daily low point0.6860as well as0.68Near the integer checkpoint. Attention to resistance level above20Periodic moving average0.7125，3month1Daily high point0.7167as well as0.72Near the integer checkpoint.
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