May 24, 2021 13:11 GMTFXStreet News
AUD/USD struggles to make a decisive move in either direction.
US Dollar Index stays below 90.00 on Monday.
Wall Street’s main indexes look to open higher.
After closing the previous week in the negative territory, the AUD/USD pair opened in a quiet manner and seems to be having a difficult time making a decisive move in either direction. As of writing, the pair was down 0.08% on the day at 0.7724.
USD weakens modestly on Monday
The US Dollar Index managed to stage a rebound on Friday on the back of upbeat PMI data from the US. However, the upbeat marker mood is not allowing the USD to preserve its strength on Monday. At the moment, the DXY is down 0.15% on a daily basis at 89.90.
5/24/2021 11:50:54 AM GMT | By Eren Sengezer
NZD/USD stays relatively calm at the start of the week.
US Dollar Index edges lower as markets turn risk-positive.
RBNZ will announce monetary policy decisions on Wednesday.
The NZD/USD pair registered small losses last week and started the new week in a calm manner in the absence of significant fundamental drivers. As of writing, the pair was up 0.1% on a daily basis at 0.7177.
DXY stays below 90.00
The modest USD weakness witnessed during the European trading hours seems to be allowing NZD/USD to stay afloat in the positive territory. Following Friday s rebound that was fueled by upbeat US PMI readings, the US Dollar Index is edging lower and was last seen losing 0.13% on the day at 89.90.