The USD has popped higher, helping drive the Kiwi lower as NZGB yields sink below their US counterparts, per ANZ Bank. NZD/USD drops to the 0.6540 region, down 0.1% on a day, amid Friday’s trading. Key quotes “The Kiwi is on a losing streak as the USD recovers and US interest rates firm. That contrasts with the sharp move lower in NZ bond yields yesterday that took most NZGB yields below US equivalents, eradicating the yield premium that once existed here (the NZ/US 10yr spread was around +40 a month ago, it’s now around just below zero). “Prospects for a lower and flatter yield curve here (or at least lower and flatter than would have otherwise been the case) will likely continue to weigh on the Kiwi.” “Support 0.6450 Resistance 0.6755” 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 UK’s Shapps: To keep quarantine measures under review FX Street 2 years The USD has popped higher, helping drive the Kiwi lower as NZGB yields sink below their US counterparts, per ANZ Bank. NZD/USD drops to the 0.6540 region, down 0.1% on a day, amid Friday’s trading. Key quotes “The Kiwi is on a losing streak as the USD recovers and US interest rates firm. That contrasts with the sharp move lower in NZ bond yields yesterday that took most NZGB yields below US equivalents, eradicating the yield premium that once existed here (the NZ/US 10yr spread was around +40 a month ago, it’s now around just below zero). “Prospects for a… 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.
