Subdued market action allows NZD/USD to stay in its range. Trump lowers tensions with China, voices willingness to make a deal. US Dollar Index moves sideways below 98 ahead of mid-tier data. After touching its lowest level in nearly four years at 0.6361 yesterday, the NZD/USD pair rose to 0.64 region but struggled to extend its recovery today. As of writing, the pair was down 0.25% on the day at 0.6375. With both sides taking a step back in the US-China trade conflict and calling for “calm” negotiations, the trade-sensitive NZD staged a modest rebound on Monday. Speaking at the G7 summit, President Trump said that he was confident that China was sincere about wanting to make a trade deal. USD steadies after Monday’s rebound However, the fact that easing tensions also allowed the Greenback to gather strength on the back of rising T-bond yields capped the pair’s upside. The US Dollar Index, which tracks the greenback’s value against a basket of six major currencies, closed the day with strong gains on Monday and is now staying in a consolidation phase below the 98 mark while waiting for the mid-tier macroeconomic data releases, which include the Conference Board Consumer Confidence Index, the Richmond Fed Manufacturing Index, and the Federal Housing Finance Agency’s (FHFA) Housing Price Index, from the US. On the other hand, the data from New Zealand on Monday showed that the trade surplus in July widened to $5.46 billion from $4.98 billion in June on a yearly basis. The next significant data from New Zealand, the ANZ Activity Outlook and Business Confidence, will be released on Thursday. 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 UK Green Party leader: Opposition parties have agreed to seek legislative route to block no-deal FX Street 4 years Subdued market action allows NZD/USD to stay in its range. Trump lowers tensions with China, voices willingness to make a deal. US Dollar Index moves sideways below 98 ahead of mid-tier data. After touching its lowest level in nearly four years at 0.6361 yesterday, the NZD/USD pair rose to 0.64 region but struggled to extend its recovery today. As of writing, the pair was down 0.25% on the day at 0.6375. With both sides taking a step back in the US-China trade conflict and calling for "calm" negotiations, the trade-sensitive NZD staged a modest rebound on Monday. Speaking at… 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.