NZD / USD Increased to Over 0.6570 Level

NZD / USD Increased to Over 0.6570 Level

The NZD / USD pair started the new week under modest pressure and dropped to 0.6540 during the Asian session. However, while the dollar struggled to attract investors, it could not find it difficult to attract attention. NZD / USD reached 0.6571 in the last hour, trading at 0.6566, just below the daily high, rising 0.15% on a daily basis.

USD Starts New Week From Behind

Improving market sentiment during European trading hours seems to be lowering the safe haven USD level on Monday. Large European stock indices are trading in the positive region, with European leaders voicing their optimism for an agreement on the budget and recovery fund deal. The US Dollar Index, which has closed the last four weeks in the negative region, is trading at 95.85 level, down 0.87 percent daily. Meanwhile, S&P 500 futures record minor daily losses on Monday, suggesting that Wall Street can start the day in red. There will be no major macroeconomic data release for the rest of the day, and the USD's response to market sentiment may continue to be the main driver of NZD / USD movements. The only data from New Zealand on Tuesday will be Credit Card Spending for June.