NZD/USD is recovering on Thursday in the American session, regaining the mid-0.5800s after rising off two-week lows reached during the Asian session. The New Zealand Dollar (NZD) has clawed back some ground as the US Dollar (USD) lost momentum.
A survey from the Reserve Bank of New Zealand (RBNZ) showed inflation expectations easing in the third quarter, slipping to 2.34% from 2.53% previously. Cooler expectations give the central bank less reason to tighten policy and add to the dovish backdrop for the Kiwi.
Offsetting that, the Greenback is on the back foot after soft US producer prices and a rise in weekly Initial Jobless Claims cooled bets…
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