NZD/USD extended its losses during the North American session after printing a daily high of 0.5869, but market sentiment deterioration and a strong U
NZD/USD prints a daily high of 0.5869 before dropping to 0.5825, losing 0.30% amidst strong USD. US Dollar Index gains 0.11%, reaching 106.35, boosted by the Middle East conflict and strong US economic data. New Home Sales in the US rose 12.3% MoM in September, contributing to the Greenback's strength. S Dollar dragged the exchange rate towards 0.5825, as the pair is losing 0.30%. NZD/USD drops to 0.5825, losing 0.
On the Kiwi front, news from China sponsored a leg-up in the NZD/USD towards its daily high, as President Xi Jinping visited the People’s Bank of China , China’s central bank aimed to issue additional sovereign debt, as the country struggles to recover from the Covid-19 pandemic measures.Nevertheless, the recovery was short-lived as sentiment shifted sour.
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