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According to BBH’s FX analysts, NZD increased slightly before losing ground as RBNZ favours gradual easing.

NZD/USD rose before retracing as New Zealand’s Q4 retail sales exceeded expectations. RBNZ plans gradual easing.

The S&P 500 declined sharply due to disappointing data, prompting concerns over inflation and interest rates.

S&P 500 declines on inflation concerns; key support at 5960. Upcoming NFP, CPI reports crucial for market direction.

ING’s analysts observed the UK’s January public sector surplus of £15.4bn was below estimates.

UK reports a £15.4bn surplus, below forecasts. Rising yields limit flexibility, impacting GBP/USD and fiscal plans.

Swiss sight deposits rose to CHF 438.1 billion, the highest level since before Christmas.

Swiss sight deposits rose to CHF 438.1 billion, the highest since Christmas, reversing recent declines.

According to UOB Group analysts, NZD/USD is expected to range between 0.5735 and 0.5770.

NZD trades sideways between 0.5735 and 0.5770, with potential to challenge 0.5790 if momentum increases.

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