NZD/USD falls to near 0.5900 as risk aversion increases on Middle East war

NZD/USD falls to near 0.5900 as risk aversion increases on Middle East war

NZD/USD remains weaker for the third consecutive day, trading around 0.5900 during the Asian hours on Thursday. The pair declines as the US Dollar (USD) remains stronger, as surging energy prices heightened inflationary risks and reduced the likelihood of Federal Reserve (Fed) interest rate cuts. The US Dollar Index (DXY), which measures the value of […]

US Dollar drifts higher above 99.00 on Middle East conflict

US Dollar drifts higher above 99.00 on Middle East conflict

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.35 during the Asian trading hours on Thursday. The DXY edges higher amid further escalation in the Middle East conflict. The US weekly Initial Jobless Claims report will be published later on […]