NZD/USD remains on track to close sharply lower on Friday. US Dollar Index rose to its highest level since late December. Market mood remains sour after mixed data releases from US. The NZD/USD pair came under strong bearish pressure during the American trading hours on Friday and touched its lowest level since late December at 0.7119. With the markets going into a consolidation phase ahead of the weekend, the pair recovered a portion of its losses and was last seen losing 0.8% on the day at 0.7153. USD capitalizes on safe-haven flows A negative shift witnessed in market sentiment in the second half of the day caused the risk-sensitive to kiwi to weaken against its rivals while boosting the demand for safe-haven greenback. The data published by the US Census Burea showed on Friday that Retail Sales in December declined by 0.7%. Additionally, the University of Michigan’s Consumer Sentiment Index dropped to 79.2 in January’s preliminary reading and came in worse than the market expectation of 80. Pressured by the disappointing data releases, Wall Street’s main indexes opened in the negative territory and pushed lower. At the moment, the US Dollar Index is up 0.46% on the day at 90.65 and the S&P 500 Index is losing 0.5%. With Friday’s decline, NZD/USD remains on track to finish the week in the negative territory after closing the previous two weeks higher. 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 Fed’s Rosengren: Need to do more to support the economy FX Street 2 years NZD/USD remains on track to close sharply lower on Friday. US Dollar Index rose to its highest level since late December. Market mood remains sour after mixed data releases from US. The NZD/USD pair came under strong bearish pressure during the American trading hours on Friday and touched its lowest level since late December at 0.7119. With the markets going into a consolidation phase ahead of the weekend, the pair recovered a portion of its losses and was last seen losing 0.8% on the day at 0.7153. USD capitalizes on safe-haven flows A negative shift witnessed in market sentiment in… 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.
