NZD/USD Price Analysis: Kiwi bulls find some light, bears command the broader stage
The NZD/USD was trading around the 0.6000 zone during Wednesday's session, reflecting an increase of 0.55%.
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The NZD/USD was trading around the 0.6000 zone during Wednesday's session, reflecting an increase of 0.55%.
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The EUR/USD pair attracts some buyers for the third successive day on Thursday and climbs to a one-and-half-week top, closer to mid-1.0800s during the Asian session.
Another marked drop in the Greenback favoured a strong advance in EUR/USD, which managed to not only trespass the 1.0800 yardstick, but also flirt with the critical 200-day SMA in the 1.0830-10840 band on Wednesday.
Renewed rate cut hopes triggered by the unexpected decline in services PMI in the U.S. supported market sentiment despite lingering anxiety ahead of the crucial job market update and cautious statements from Fed officials.