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New Zealand Dollar Outlook: NZD/USD Bulls Push Kiwi to Fresh Multi-Year Highs

From dailyfx.com

Small cap stocks led the U.S. trading session higher in Wednesday’s Wall Street session with the Russell 2000 index climbing 1.05% as the US Dollar extended an overnight slide. The S&P 500 and Dow Jones Industrial Average ended higher by 0.13% and 0.24%, respectively. Tech stocks lagged the broader market, but the Nasdaq 100 index still managed to close out the day with a 0.01% gain. The upbeat mood is likely an extension of sentiment over the recently passed U.S. Covid relief bill that includes $600 direct payments to eligible Americans. These funds were set to begin disbursing as early as yesterday evening, ... (full story)

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  • Category: Technical Analysis