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NZD/USD looking weak as volatility picks up sharply

From monetamarkets.com

The dollar is enjoying its fifth day of gains in seven as the greenback benefits from the ongoing march to war in the Ukraine and Fed rate hike speculation. The greenback is attracting safe haven flows along with the yen and swiss franc, which will continue to be the case until a diplomatic solution is in sight. The Fed’s Bullard has also doubled down today on his hawkish views from last week with more Fed officials due on the wires in the upcoming days. In this risk averse environment, pro-cyclical currencies tied to stronger growth are getting sold with NZD the worst performing major today. That said, the kiwi ... (full story)

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  • Category: Technical Analysis