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NZD/USD Forecast: Wall Street weighs on commodity-linked currencies
The NZD/USD pair trades just below the 0.6100 mark ahead of the Asian opening, ending Thursday with modest losses. The pair hit 0.6123 at the beginning of the day, but quickly turned south as the US Dollar found legs on strong American data and the soft tone of stock markets. It is worth adding, however, that after spending most of the day in the red, Wall Street has managed to trim early losses, with the Dow Jones Industrial Average and the Nasdaq Composite posting modest gains and the S&P500 poised to end the day little changed just below the 5,000 mark. The focus was not only on equities. Investors were also ... (full story)