Ella 
NZD/USD fell to a new 2023 low, dropping to 0.5815 intraday on Thursday before rebounding to 0.5840 on light buying, but bearish pressure on NZD/USD remains strong.
Federal Reserve Chairman Jerome Powell struck a dovish tone during a speech at the Economic Club of New York, where the Fed chief shared his expectations and noted that rising bond yields would help mitigate rising interest rates. Part of the pressure, but inflation remains high, and it is not certain that the Federal Reserve will cut interest rates as scheduled.
Powell’s speech: Rising U.S. bond yields reduce pressure on Fed to raise rates
New Zealand’s trade balance was broadly unchanged from the previous reading of -NZ$2.329 billion in September and -NZ$2.273 billion in August. The previous value was revised slightly from -US$2.291 billion.
