NZD/USD is looking vulnerable, close to 1.6120 support
The New Zealand Dollar’s rebound failed at 1.6175. The USD remains bid ahead of the ADP report.
Source: fxstreet.com
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The New Zealand Dollar’s rebound failed at 1.6175. The USD remains bid ahead of the ADP report.
The NZD/USD pair gains momentum toward the 0.6200 round figure during the early Asian session on Monday.
NZD/USD retreats late in the Monday North American session after rallying to a new four-month high of 0.6226, but a repricing for a less dovish US Federal Reserve witnessed a jump in US bond yields.
The NZD/USD pair drifts higher to 0.6185 during the early Asian session on Friday.
The US Dollar bounced into month end, but the NZD has held up.