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NZD/USD refreshes weekly high near 0.5700 as receding global trade war risks have improved the safe-haven demand. The USD strives to gain ground on the back of upbeat US ADP Employment data for January. The NZ economy will also face the consequences of the US-China trade war. The NZD/USD pair posts a fresh weekly high near 0.5700 in Wednesday’s North American session. The Kiwi pair gains as the US Dollar (USD) has remained under pressure due to receding risks of a global trade war. Investors expect the trade war to remain between the United States (US) and China as the latter has imposed tariffs on a few items from the US economy in retaliation to President Donald Trump’s decision of a 10% levy on all imports from China. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, refreshes weekly low to near 107.40. However, the Greenback has got some buying interest after the release of the United States (US) ADP Employment Change data, which showed that the private sector hired 183K workers in January, higher than estimates of 150K and the prior release of 176K, revised significantly higher from 122K. US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.   USD EUR GBP JPY CAD AUD NZD CHF USD   -0.21% -0.26% -0.78% -0.19% -0.28% -0.51% -0.22% EUR 0.21%   -0.05% -0.59% 0.02% -0.06% -0.29% -0.01% GBP 0.26% 0.05%   -0.56% 0.07% -0.02% -0.25% 0.04% JPY 0.78% 0.59% 0.56%   0.61% 0.52% 0.27% 0.57% CAD 0.19% -0.02% -0.07% -0.61%   -0.08% -0.32% -0.03% AUD 0.28% 0.06% 0.02% -0.52% 0.08%   -0.23% 0.05% NZD 0.51% 0.29% 0.25% -0.27% 0.32% 0.23%   0.29% CHF 0.22% 0.01% -0.04%…

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Filed under: News - @ February 5, 2025 3:23 pm