US Dollar Index extends rally on Friday, rises above 100.50. RBNZ Governor Orr says monetary stimulus could be increased if needed. Nonfarm Payrolls in US is expected to decline by 100K in March. After spending the Asian session moving sideways near the 0.5900 handle, the NZD/USD pair came under renewed selling pressure and slumped to a fresh weekly low of 0.5843 on Friday. As of writing, the pair was trading at 0.5852, erasing 1.08% on a daily basis. In an interview with NZ Herald on Friday, Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr reiterated that the central bank could increase the monetary stimulus if needed to make it difficult for the kiwi to find demand. Meanwhile, the Caixin Services PMI data from China improved to 43 in March from 26.5 but failed to provide a boost to the China-proxy NZD. USD stays strong ahead of NFP Meanwhile, ahead of the critical labour market data from the US, the US Dollar Index (DXY) is posting gains for the third straight day to keep the bearish pressure on the pair intact. At the moment, the DXY is up 0.53% on the day at 100.65. Previewing the Nonfarm Payrolls (NFP) data, “the March data will probably still be recession-like, though, with net job growth held down by reduced hiring and payback for mild-weather-exaggerated strength,” said TD Securities analysts. “We forecast -200k.” US NFP Preview: 6 Major Banks expectations for March payrolls report. 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 Jordan: Shutdown costs – Standard Chartered FX Street 2 years US Dollar Index extends rally on Friday, rises above 100.50. RBNZ Governor Orr says monetary stimulus could be increased if needed. Nonfarm Payrolls in US is expected to decline by 100K in March. After spending the Asian session moving sideways near the 0.5900 handle, the NZD/USD pair came under renewed selling pressure and slumped to a fresh weekly low of 0.5843 on Friday. As of writing, the pair was trading at 0.5852, erasing 1.08% on a daily basis. In an interview with NZ Herald on Friday, Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr reiterated that the central bank could increase… 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.
