NZD/USD hovers below 0.5950 ahead of Fed policy decision
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Hello dear friends,
Today, NZD/USD extended its upward movement for the third consecutive day, trading above 0.5940 during the Asian trading session on Wednesday. However, this pair faced pressure prior to the decision of the US Federal Reserve.
The US Dollar Index (DXY) strengthened during the trading session in the US on Tuesday as market sentiment deteriorated and US Treasury bond yields rose higher. DXY rebounded to 104.80, surpassing the 105.00 level and put pressure on this currency pair
Today, NZD/USD extended its upward movement for the third consecutive day, trading above 0.5940 during the Asian trading session on Wednesday. However, this pair faced pressure prior to the decision of the US Federal Reserve.
The US Dollar Index (DXY) strengthened during the trading session in the US on Tuesday as market sentiment deteriorated and US Treasury bond yields rose higher. DXY rebounded to 104.80, surpassing the 105.00 level and put pressure on this currency pair
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