NZD/USD is falling for the fourth straight day on Thursday. US Dollar Index stays in the positive territory near mid-94s. Focus shifts to mid-tier macroeconomic data releases from the US. The NZD/USD pair lost nearly 100 pips on Wednesday and extended its slide to a fresh monthly low of 0.6517 on Thursday. As of writing, the pair was down 0.28% on a daily basis at 0.6528. Earlier in the day, the data published by Statistics New Zealand showed that the country posted a trade deficit of NZD353 million following July’s surplus of NZD447 million and made it difficult for the kiwi to stage a rebound. DXY rally remains unabated On the other hand, the US Dollar Index (DXY) closed the fourth straight day in the positive territory on Wednesday as the poor performance of Wall Street’s main indexes helped the USD find demand as a safe-haven. With risk flows struggling to take control of financial markets, the DXY is posting modest daily gains at 94.45 ahead of the American session. Later in the day, the US Department of Labor’s weekly Initial Jobless Claims, the US Census Bureau’s New Home Sales and Kansas Fed’s Manufacturing Activity data will be looked upon for fresh impetus. Meanwhile, FOMC Chairman Jerome Powell will appear before Congress on the second day of his testimony. However, Powell’s remarks are expected to be identical to his opening statement from Tuesday and Wednesday. There won’t be any data releases from New Zealand during the Asian session on Friday and the USD’s market valuation is likely to remain the primary driver of USD/CAD’s movements. 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’s Sunak: Developing plans to protect jobs and economy over winter FX Street 2 years NZD/USD is falling for the fourth straight day on Thursday. US Dollar Index stays in the positive territory near mid-94s. Focus shifts to mid-tier macroeconomic data releases from the US. The NZD/USD pair lost nearly 100 pips on Wednesday and extended its slide to a fresh monthly low of 0.6517 on Thursday. As of writing, the pair was down 0.28% on a daily basis at 0.6528. Earlier in the day, the data published by Statistics New Zealand showed that the country posted a trade deficit of NZD353 million following July's surplus of NZD447 million and made it difficult for the… 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.