FXstreet.com (Chicago) – NZD/USD traded sideways throughout the afternoon of the American session after exhausting its bullish momentum and reaching 0.78 zone momentarily as it was unable to hold on to bearish pressure and strengthening of the dollar.
Weaker-than-expected US data
Earlier in the US, Wall Street closed with gains with the Dow up 0.33%, the Nasdaq higher 0.41% and the S&P 500 registering 0.27% gains. The psyches of market participants seem to have relaxed after two days of high volatility that affected the kiwi considerably. After weaker-than-expected data made public in the US with pending home sales for July (MoM) …read more