Feb 9, 2021 21:57 GMTFXStreet News NZD/USD has risen from US session lows but has failed to retest session highs in the 0.7250s. NZD underperformance is surprising given strong inflation and a hawkish move from the RBNZ. NZD/USD put in a strong performance during Asia Pacific trade, rallying from around the 0.7220 area to marginally above the 0.7250 mark. However, by the time US participants arrived in the market, the pair had begun to slip and by the start of US trading hours, the pair had pretty much given away all of its gains for the day. Renewed US dollar weakness, as the Dollar Index (DXY) slips below 90.50 and a number of other G10/USD pairs hurdle key levels has since given NZD/USD a boost; the pair is making its way back higher towards prior highs of the session and currently trades around 0.7240. Though the kiwi is higher by about 0.2% on the day versus the US dollar, it has put in a pretty tepid performance on the day versus the majority of its other G10 counterparts and sits close to the bottom of the G10 performance table.