NZD/USD sticks to gains near daily high, above mid-0.6200s amid softer USD – by hareshmenghani NZDUSD Bonds RiskAppetite Fed Currencies
Retreating US bond yields undermines the USD and offers support amid a positive risk tone.The NZD/USD pair
The US dollar struggles to capitalize on its post-NFP strong move up and meets with a fresh supply on Monday, which, in turn, offers some support to the NZD/USD pair. A fresh leg down in the US Treasury bond yields keeps the USD bulls on the defensive. Apart from this, a generally positive tone around the equity markets further undermines the safe-haven buck and benefits the risk-sensitive kiwi.
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