Industrial production in China expanded at a more robust pace than expected in September. US Dollar Index continues to move sideways near the 97.50 mark. NZD/USD remains on track to post gains for the fourth straight week. The NZD/USD pair built on Thursday’s gains and climbed to its highest level since mid-September at 0.6377 on Friday. As of writing, the pair was trading at 0.6370, adding 0.4% on a daily basis. Unless the pair makes a sharp U-turn and erases more than 50 pips in the remainder of the day, it will close the week in the positive territory for the fourth straight week. Chinese data help antipodeans Earlier in the day, the data from China showed that the Chinese economy expanded by 1.5% on a quarterly basis in the third quarter to match the market consensus. Additionally, industrial production in China in September rose by 5.8% on a yearly basis following August’s reading of 4.4% and beat analysts’ estimate of 5% to provide a boost to antipodeans. On the other hand, the selling pressure surrounding the Greenback remained intact on Friday and helped the pair stretch higher. The upbeat market sentiment dampened the demand for the USD throughout the week and the disappointing macroeconomic data releases from the US put additional weight on the currency’s shoulders. Ahead of Kansas City Fed President Esther George, Dallas Fed President Robert Kaplan, and Federal Reserve Vice-Chair Richard Clarida’s speeches later in the session, the US Dollar Index is at its lowest level since August 23 at 97.47, losing 0.1% and 0.9% on a daily and weekly basis, respectively. 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 USD/CHF drops to fresh multi-week lows, closer to mid-0.9800s FX Street 3 years Industrial production in China expanded at a more robust pace than expected in September. US Dollar Index continues to move sideways near the 97.50 mark. NZD/USD remains on track to post gains for the fourth straight week. The NZD/USD pair built on Thursday's gains and climbed to its highest level since mid-September at 0.6377 on Friday. As of writing, the pair was trading at 0.6370, adding 0.4% on a daily basis. Unless the pair makes a sharp U-turn and erases more than 50 pips in the remainder of the day, it will close the week in the positive territory… 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.
