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NZD/USD rises toward 0.7900

FXStreet (Córdoba) - NZD/USD extended the recovery during the US session on the back of weak economic data from the US. The pair printed a fresh daily high at 0.7887, the strongest level in two days. Greenback weakened sharply during the American session and lost gains versus commodity currencies and extended losses against Europeans.

NZD/USD improves outlook

Today’s rally from 0.7800 brought the pair near 0.7900 and back to the level it had at the beginning of the week. Currently trades at 0.7875, up 0.81%, having the best day in almost two weeks.

The kiwi strengthened after breaking above 0.7850 that was an intraday resistance and improved the short term outlook, ahead of the release of trade data from New Zealand at 21:45 GMT.

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