NZD/USD fell for the third straight trading day on Monday. US Dollar Index stays relatively quiet around mid-90.00s. US Treasury bond yields continue to push higher on Tuesday. The NZD/USD pair dropped to its lowest level in more than 10 days at 0.7146 on Monday but seems to have gone into a consolidation phase on Tuesday. As of writing, the pair was up 0.22% on the day at 0.7176. DXY rally loses steam on Tuesday The broad-based USD strength at the start of the week forced NZD/USD to stay under strong bearish pressure. The US Dollar Index (DXY), which tracks the greenback’s performance against a basket of six major currencies, climbed to its highest level since late December at 90.72 on Monday fueled by rising US Treasury bond yields. On Tuesday, the benchmark 10-year US T-bond yield is rising for the sixth straight day and helping the USD stay relatively resilient against its peers while keeping NZD/USD rebound limited. Earlier in the session, the data from the US showed that the NFIB Business Optimism Index in December declined to 95.9 and missed the market expectation of 102.8. Nevertheless, this data had little to no impact on market sentiment nor the USD’s market valuation. Later in the day, the IBD/TIPP Economic Optimism Index and JOLTS Job Openings data from the US will be looked upon for fresh impetus. Additionally, investors will keep a close eye on US T-bond yields and additional gains could provide a boost to the buck in the second half of the day. 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/CHF Price Analysis: Near-term bias seem tilted in favour of bullish traders FX Street 1 year NZD/USD fell for the third straight trading day on Monday. US Dollar Index stays relatively quiet around mid-90.00s. US Treasury bond yields continue to push higher on Tuesday. The NZD/USD pair dropped to its lowest level in more than 10 days at 0.7146 on Monday but seems to have gone into a consolidation phase on Tuesday. As of writing, the pair was up 0.22% on the day at 0.7176. DXY rally loses steam on Tuesday The broad-based USD strength at the start of the week forced NZD/USD to stay under strong bearish pressure. The US Dollar Index (DXY), which tracks… 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.