4 Mar 2015
NZD/USD climbs to 0.7600
FXStreet (Córdoba) - The NZD/USD pair traded momentarily above 0.7600, at the strongest level in almost a week. The pair peaked at 0.7602 and currently trades at 0.7590/92, 45 pips above yesterday’s closing price ahead of the release of the US ADP private employment report.
Among the most traded currencies, the New Zealand dollar is so far the best performer on Wednesday and is rising even against the yen.
NZD/USD remains on recovery mode
The kiwi is rising for the second day in a row versus the US dollar and it has approached last week highs that lie at 0.7613; if it climbs above it would be trading at 6-week highs.
The pair continues to hold a bullish bias, moving in a recovery mode after falling in February to 0.7175, the lowest since 2011.
Among the most traded currencies, the New Zealand dollar is so far the best performer on Wednesday and is rising even against the yen.
NZD/USD remains on recovery mode
The kiwi is rising for the second day in a row versus the US dollar and it has approached last week highs that lie at 0.7613; if it climbs above it would be trading at 6-week highs.
The pair continues to hold a bullish bias, moving in a recovery mode after falling in February to 0.7175, the lowest since 2011.