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05.05.2020 NZD/USD Daily Analysis

The price of oil has become another factor impacting the strength of the dollar. “USD and oil have become an increasingly

05.05.2020 NZD/USD Daily Analysis
Yazar: editor_1

Yayınlanma: 5 Mayıs 2020 17:16

Güncellenme: 15 Kasım 2024 07:43

05.05.2020 NZD/USD Daily Analysis

The price of oil has become another factor impacting the strength of the dollar. “USD and oil have become an increasingly uneven relationship with US oil production now a key liability for USD,” said Danske Bank, in a research note. The USD / NZD is trading at 1.6531, increasing by +0.0001, or by +0.01%. The dollar fluctuated after U.S. equity futures reversed went down and Treasuries extended an advance after the Federal Reserve on Monday announced a massive second wave of initiatives to support the shuttered American economy. The NFP (Non-Farm Payroll)  coming out on Friday could have market-moving results, as the U.S is expected to report the worst month for job losses ever.
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