NZD/USD is falling sharply after closing the previous week higher. Greenback is capitalizing on safe-haven flows on Monday. FOMC Chairman Powell is scheduled to speak later. The NZD/USD pair closed the previous week in the positive territory as the kiwi gathered strength on expectations that the Reserve Bank of New Zealand (RBNZ) will keep its policy rate unchanged until March 2021. However, the risk-averse market environment at the start of the week provided a boost to the safe-haven USD and caused the pair to fall sharply. As of writing, NZD/USD was down 0.82% on a daily basis at 0.6703. DXY erases last week’s losses on Monday Sharp upsurge witnessed in coronavirus infection numbers, especially in the Europe, is weighing on the market mood on Monday. At the moment, major European equity indexes are down between 3.1% and 3.3% and the S&P 500 futures are losing more than 1.5%. Meanwhile, the US Dollar Index (DXY), which lost 0.3% last week, is gaining 0.33% on the day at 93.31. In the second half of the day, investors will be paying close attention to FOMC Chairman Jerome Powell’s speech. The Federal Reserve Bank of Chicago’s National Activity Index will be the only data featured in the US economic docket and the risk perception is likely to continue to impact NZD/USD’s movements. In the early Asian session on Wednesday, the RBNZ will announce its Interest Rate Decision and release the Rate Statement. 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 AUD/USD extends daily slide to 0.7250 area ahead of Powell’s speech FX Street 2 years NZD/USD is falling sharply after closing the previous week higher. Greenback is capitalizing on safe-haven flows on Monday. FOMC Chairman Powell is scheduled to speak later. The NZD/USD pair closed the previous week in the positive territory as the kiwi gathered strength on expectations that the Reserve Bank of New Zealand (RBNZ) will keep its policy rate unchanged until March 2021. However, the risk-averse market environment at the start of the week provided a boost to the safe-haven USD and caused the pair to fall sharply. As of writing, NZD/USD was down 0.82% on a daily basis at 0.6703. DXY… 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.