- NZD / USD tests Thursday’s lows at 0.7220.
- The US dollar index rises towards 90.80 on Friday.
- Stock markets in retreat, traders awaiting US data
After hitting the highest level since early March at 0.7286 on Thursday, the NZD / USD lost momentum and closed the day in negative territory. With the dollar maintaining some strength ahead of the release of US macroeconomic data, the pair is testing the 0.7220 area, where the lows are on Thursday and Friday.
Focus shifts to US data and Wall Street
The strong rally seen in U.S. Treasury yields in recent sessions, coupled with upbeat GDP data, which showed the economy growing 6.4% in the first quarter, helped the dollar outperform your rivals.
The US Dollar Index (DXY) lHe managed to recoup most of the losses that followed Wednesday’s FOMC meeting. It is operating in the 90.80 zone.
On Friday the focus of attention may be on the bond market and also on the US economic data will be published figures for personal income and spending, inflation and consumer confidence.
On the other hand, New Zealand data showed on Friday that Roy Morgan’s consumer sentiment index improved to 115.4 in April from 110.8, but the NZD was unable to capitalize on this positive data.
Technical levels
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