NZD/USD is rising for the third straight day on Wednesday. US Dollar Index remains depressed following Tuesday’s sharp fall. FOMC’s Meeting Minutes is not expected to provide any fresh insights into policy outlook. The NZD/USD pair gained 30 pips on Tuesday and continued to push higher on Wednesday. As of writing, the pair was trading at its highest level since August 7th at 0.6648, gaining 0.74% on a daily basis. Focus shifts to FOMC Minutes In the absence of significant macroeconomic data releases from New Zealand, the USD’s market valuation remained as the sole driver of NZD/USD’s movements. The US Dollar Index (DXY) lost 0.55% on Tuesday and closed at its lowest level in more than two years at 92.32 pressured by slumping US Treasury bond yields. Before the FOMC releases its July Meeting Minutes later in the day, the DXY posts small daily losses at 92.28 and the 10-year US T-bond yield is down 2.7%. The FOMC is not expected to provide any fresh insights into the monetary policy outlook. The committee looks to conclude its policy review by September and any potential changes to the forward guidance of the policy are likely to be announced then. Nevertheless, investors will pay close attention to the statement and a rebound in US T-bond yields could help the greenback gather strength against its rivals. The annual Credit Card Spending data on Friday will be the last data to watch for from New Zealand. Technical levels to consider FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY pressures critical Fibonacci support at 105.25 FX Street 2 years NZD/USD is rising for the third straight day on Wednesday. US Dollar Index remains depressed following Tuesday's sharp fall. FOMC's Meeting Minutes is not expected to provide any fresh insights into policy outlook. The NZD/USD pair gained 30 pips on Tuesday and continued to push higher on Wednesday. As of writing, the pair was trading at its highest level since August 7th at 0.6648, gaining 0.74% on a daily basis. Focus shifts to FOMC Minutes In the absence of significant macroeconomic data releases from New Zealand, the USD's market valuation remained as the sole driver of NZD/USD's movements. The US… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.