- The NZD / USD fell on Friday for the third day in a row, in a climate of risk aversion.
- The DXY advances to highs in three months.
- Ahead: US employment report for February.
The The dollar’s rise continued to push the NZD / USD lower and pushed it to 0.7122, the lowest level since late January. The pair remains under pressure, in the zone of lows. The strength of the dollar does not budge.
The The dollar continues to advance on all fronts, with the boost that picked up pace on Thursday. Fed Chairman Jerome Powell’s remarks at a Wall Street Journal event signaled some dismissal largely of concerns about the recent sharp rise in long-term bond yields. Powell’s remarks disappointed some investors and triggered a violent sell-off in the US bond market, driving bond yields even higher and boosting demand for the dollar.
The focus remains on the bond market and on Wall Street, where futures point to another opening in red. In addition to publishing the employment report but at this point it could be in the background.
The bond market crash fueled fears about other asset classes and took its toll on global risk sentiment. If the negative mood persists, the dollar will continue to benefit, limiting any rebound from the NZD / USD. In the data preview, the DXY is trading just below 92.00, the highest level since November last year.
Technical levels
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