NZD/USD flirts with daily low, just below mid-0.6900s amid stronger USD

Fed rate hike bets, a softer risk tone benefitted the safe-haven USD and exerted pressure.NZD/USD

Having faced rejection near the 0.7000 psychological mark, the NZD/USD pair witnessed some selling on Thursday and snapped two days of the winning streak to the highest level since November 2021. The US dollar made a solid comeback and has now reversed the previous day's losses to a nearly two-week low. This, in turn, was seen as a key factor that exerted downward pressure on spot prices.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AUD/USD skids below 0.7500 on weak China PMI data, PCE inflation eyedThe AUD/USD pair has remained lackluster this week amid a low trading range of around 82 pips as the asset awaits a potential trigger to continue marc
Source: FXStreetNews - 🏆 14. / 72 Read more »

USD/JPY pares intraday losses, still deep in the red below 122.00 markThe USD/JPY pair managed to recover nearly 60 pips from the multi-day low and was last seen trading just below the 122.00 mark, still down nearly 1% f
Source: FXStreetNews - 🏆 14. / 72 Read more »

NZD/USD approaches the 0.7000 mark on a dampened market moodThe New Zealand dollar climbs for the second straight trading session, despite a risk-off market mood in the financial markets, courtesy of Moscow, wh
Source: FXStreetNews - 🏆 14. / 72 Read more »