NZD/USD clings to gains near daily top, holds steady above 0.6800 mark By HareshMenghani NZDUSD RiskAppetite Coronavirus Majors Currencies
The underlying bullish sentiment in the markets acted as a tailwind for the perceived riskier kiwi.The NZD/USD pair maintained its bid tone through the early European session and was last seen hovering near the daily top, around the 0.6815 region.
A combination of supporting factors assisted the NZD/USD pair to attract some buying on Tuesday and snap two successive days of the losing streak. The underlying bullish sentiment – as depicted by a generally positive tone around the equity markets – was seen as a key factor that benefitted the perceived riskier kiwi. Apart from this, subdued US dollar price action provided a modest lift to the major.
Investors turned optimistic amid reports that the new COVID-19 strain may be less severe than the previous Delta variant. Adding to this, studies indicated that Omicron infections are less likely to lead to hospitalization and helped ease fears about the potential economic fallout from the continuous surge in new cases. This, along with sliding US Treasury bond yields, kept the USD bulls on the defensive.
features the release of the Richmond Manufacturing Index, though might do little to provide any impetus. This, in turn, leaves the NZD/USD pair at the mercy of the broader market risk sentiment and the USD price dynamics.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
NZD/USD Price Analysis: Fails to justify bull cross around 0.6800NZD/USD Price Analysis: Fails to justify bull cross around 0.6800 By anilpanchal7 NZDUSD Technical Analysis ChartPatterns SwingTrading SupportResistance
Weiterlesen »
USD/CAD sits near daily top, around 1.2825-30 area amid retreating oil prices/stronger USDUSD/CAD sits near daily top, around 1.2825-30 area amid retreating oil prices/stronger USD By HareshMenghani USDCAD Coronavirus RiskAppetite Fed Currencies
Weiterlesen »
NZD/USD grinds lower past 0.6800 amid mixed concerns, holiday moodNZD/USD struggles to defend the 0.6800 threshold, sluggish near 0.6820 during early Monday. In addition to the Boxing Day holiday in New Zealand, mixe
Weiterlesen »
AUD/USD hangs near two-day low, just above 0.7200 amid broad-based USD strengthAUD/USD hangs near two-day low, just above 0.7200 amid broad-based USD strength By HareshMenghani AUDUSD Coronavirus RiskAppetite Fed Currencies
Weiterlesen »
AUD/NZD Price Analysis: Pointing to more gains while above 1.0610The AUD/NZD is rising on Monday, testing the 1.0630 area of the recent top. A break higher should clear the way to more gains, with a target at 1.0650
Weiterlesen »
EUR/USD remains confined in a narrow trading band, just above 1.1300 markEUR/USD remains confined in a narrow trading band, just above 1.1300 mark. The pair remained on the defensive heading into the early North American session, albeit has managed to hold its neck above the 1.1300 round-figure mark. UnitedStates Analysis
Weiterlesen »