NZD/USD hits fresh weekly high around 0.6350s on soft US Dollar after US jobless claims NZDUSD Majors Macroeconomics Technical Analysis
e to a worse-than-expected US jobs report. Therefore, the US Dollar lost traction and weakened against most G10 currencies. At the time of writing, the NZD/USD is trading at 0.6350.
Wall Street finished the penultimate trading day of the year with gains between 1.05% and 2.59%. A lightleft the NZD/USD pair adrift to US Dollar dynamics, which bolstered the New Zealand Dollar. The US Bureau of Labor Statistics revealed the Initial Jobless Claims for the week ended on December 24 rose by 225K, in line with expectations, though 9K above the previous week’s record. Continuing claims jumped by 1.7 million in the week that ended on December 17, the highest since early February.
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