NZDS/USD holding by the skin of its teeth as the greenback start to recover. The week ahead could provide some headwinds for the bird with the RBNZ slated. NZD/USD is starting out the week below structure although in a correction of` Friday’s New York sell-off to the 0.6580 lows. The greenback’s recovery extended on Friday’s Nonfarm Payrolls jobs data which beat expectations. The key takeaways in Nonfarm Payrolls that another 1.8 million in July came with the Unemployment Rate falling to 10.2% while the hours worked were still down 9% vs. pre-pandemic; with concerns linger over the long-run outlook. This came US/China tensions flared up, lending further support to the US dollar. As analysts at ANZ Bank note, the US President Donald Trump announced on Friday that US residents would be banned from doing business with ByteDance’s TikTok and Tencent’s WeChat in 45 days’ time, hitting tech stocks. The move would affect Apple’s phone sales in China as it would not be able to distribute the ubiquitous, even essential, WeChat app on its phones. To be fair, 45 days is a long time, and the market will hope the ruling is softened. But with an election looming, talking tough on China appears to be the strategy, and markets should probably expect more volatility from this source. The week ahead It could be a week of obstacles for the kiwi as investors get set for the Reserve Bank of New Zealand as it delivers a lift in the size of the LSAP QE programme on Wednesday. There is some uncertainty about where the RBNZ will land on QE, but the greatest room for surprise is likely to be what the RBNZ says on other unconventional monetary policy tools, analysts at ANZ bank explained. We expect that the RBNZ will keep its options open, with a negative OCR and foreign asset purchases on the table, reaffirming market expectations that a negative OCR next year is a non-trivial possibility (with 25bps priced in by mid-2021), and keeping a lid on the elevated exchange rate. Most local data has beat expectations of late; while welcome, the longer-term outlook remains highly uncertain and we expect all options – including negative rates and foreign asset purchases to remain on the table. This all speaks to headwinds for the NZD. First up, we have data today in the preliminary read of the ANZ Business Outlook survey for August and China’s PPI and CPI data for July. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD extends Friday’s weakness below $2,030 FX Street 2 years NZDS/USD holding by the skin of its teeth as the greenback start to recover. The week ahead could provide some headwinds for the bird with the RBNZ slated. NZD/USD is starting out the week below structure although in a correction of` Friday's New York sell-off to the 0.6580 lows. The greenback's recovery extended on Friday's Nonfarm Payrolls jobs data which beat expectations. The key takeaways in Nonfarm Payrolls that another 1.8 million in July came with the Unemployment Rate falling to 10.2% while the hours worked were still down 9% vs. pre-pandemic; with concerns linger over the long-run outlook. This came US/China tensions… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.