- NZD / USD fell for the third day in a row on Monday.
- The DXY is stable on Tuesday, above 90.00.
He NZD / USD fell to its lowest level in more than 10 days at 0.7146 on Monday, but it appears to have entered a consolidation phase on Tuesday. It is trading at 0.7175, up 0.22% on the day.
DXY rally loses steam on Tuesday
The general strength of the dollar at the beginning of the week led the NZD / USD to remain under strong downward pressure. The U.S. dollar index (DXY), which tracks the dollar’s performance against a basket of six major currencies, rose to its highest since late December at 90.72 on Monday, driven by rising Treasury yields. from USA
On Tuesday, benchmark 10-year US Treasury yield is rising for the sixth day in a row. It reached 1.06% the highest level since March. This remains strong support for the dollar, helping to keep the NZD / USD bounce limited.
Earlier in the session, US data showed that the NFIB business optimism index in December fell to 95.9 and fell short of the market expectation of 102.8. However, this data had little or no impact on market sentiment or the USD market valuation. Later in the day, the IBD / TIPP economic optimism index and JOLTS job vacancies will be released. There will also be several speeches by Fed officials.
Technical levels
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