China doesn’t think coronavirus outbreak is at turning point. US Dollar Index retreats to 99.70 area on Friday. Markit’s US Manufacturing and Services PMI coming up in American session. The NZD/USD pair continued to push lower on Friday and touched its lowest level since mid-October at 0.6303 before going into a consolidation phase. As of writing, the pair was trading at 0.6311, down 0.27% on a daily basis. In the absence of significant macroeconomic data releases during the Asian trading hours, the sour market mood forced the risk-sensitive NZD to continue to weaken. Additionally, Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr said that the RBNZ needs to be prepared for the unexpected and added that he was happy with the policy rate for the time being. Meanwhile, “the turning point of the coronavirus outbreak in China has not come yet,” China’s Politburo Standing Committee noted on Friday, as reported by the Chinese state television, to further weigh on the sentiment ahead of the American session. Focus shifts to US PMI data On the other hand, the US Dollar Index (DXY) is staging a technical correction following the sharp upsurge witnessed this week and seems to be helping the pair limit its losses for the time being. Ahead of the IHS Markit’s preliminary Manufacturing and Services PMI reports for the US, the DXY,ü which touched a multi-year high of 99.91 on Thursday, is down 0.2% on the day at 99.69. Technical levels to watch for 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 EUR/USD Price Analysis: Bottomed out at 1.0780? FX Street 2 years China doesn't think coronavirus outbreak is at turning point. US Dollar Index retreats to 99.70 area on Friday. Markit's US Manufacturing and Services PMI coming up in American session. The NZD/USD pair continued to push lower on Friday and touched its lowest level since mid-October at 0.6303 before going into a consolidation phase. As of writing, the pair was trading at 0.6311, down 0.27% on a daily basis. In the absence of significant macroeconomic data releases during the Asian trading hours, the sour market mood forced the risk-sensitive NZD to continue to weaken. Additionally, Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr… 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.