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.