- Among the majors, the kiwi is the worst performing currency on Friday.
- The dollar in recovery mode, pauses but maintains a favorable trend.
The NZD / USD rose above 0.7250 on Thursday, but in the hours that followed erased the gains. In the European session on Friday it broke below 0.7200 and fell to 0.7183, the lowest level since Monday. Then it rebounded without being able to recover 0.7200 and in the preview of the American session it is approaching the minimum.
The dollar and the kiwi, the extremes
The rise of the dollar is being the determining factor for the fall of the NZD / USD. DXY is trading at three-day highs, firm above 90.55. The moderate fall in stocks seems to be behind the advance of the greenback.
At the same time, the pair’s decline is seen with more momentum due to the weakness of the kiwi, which among the main currencies is the one that is falling the most. This is reflected in the rally of the AUD / NZD, which rises for the fourth consecutive session and instead of slowing the advance, it has accelerated it. This crossing is about to reach 1.0750, a high in almost three weeks.
Wall Street futures point to an open with falls around 0.25% in the main indices. What happens to stocks can be decisive for the NZD / USD. With regard to data, the US Consumer Confidence Report from the University of Michigan stands out. In addition, the president of the New York Federal Reserve, John Williams, will speak at the Economic Club of New York.
Technical levels
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