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12/14/2020 4:49:23 PM GMT | By Joel Frank The US dollar has seen a pick-up from lows in recent trade, which has weighed on NZD/USD.  The pair has dropped back below the 0.7100 level and now trades flat on the day close to 0.7080. NZD/USD rallied to fresh multi-year highs at 0.7120 on Monday, but has reversed back below 0.7100 to 0.7080 in recent trade amid a broad pickup in the US dollar from lows that has seen the Dollar Index recover from the 90.40s back towards 0.9080. As things stand, NZD/USD trades pretty much flat on the day. NZD conforms to USD dynamics Amid a lack of New Zealand or other fundamental drivers of note coming from down under, NZD is largely trading as a function of USD on Monday. Thus, the pair was initially boosted to year-to-date highs as USD fell to year-to-date lows on vaccine optimism (US FDA approved the Pfizer vaccine over the weekend) and Brexit hopes (talks did not break down over the weekend and continue

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