New Zealand Dollar rallies as Treasury buyback drags US yields

The New Zealand Dollar (NZD) rallies against the US Dollar (USD), pushing north of the 0.5930 mark. The move is driven by broad weakness in the Greenback rather than anything out of New Zealand. The trigger was the United States (US) Treasury Department. It said it will at least double its buyback operations for longer-dated […]

Positive momentum points to further upside

AUD/USD holds firm near a two-and-a-half-month high on Wednesday, supported by broad US Dollar (USD) weakness, while technical indicators point to further upside. At the time of writing, the pair trades around 0.7118, up 0.43% on the day, after reaching an intraday high of 0.7129. The US Dollar Index (DXY), which gauges the Greenback’s value […]