-
NZD Soars to 5 Month Highs as NZ Beats Out COVID Twice!
The US dollar fell to fresh lows against euro, the Japanese Yen and New Zealand dollar on Friday. This morning’s US economic reports were mixed. Consumer sentiment improved in the month September but the current account deficit ballooned in the second quarter. The uptick in sentiment is a a surprise considering that stocks declined and extra unemployment benefits expired for many Americans. However this suggests there is still a lot of hope that a vaccine is right around the corner and economic activity will return to normal. Even though stocks are flat, the rally in the dollar is still a reflection of risk ... (full story)