NZD/USD falls to fresh two-week lows near 0.6620 as DXY extends recovery

US Dollar Index pushes higher to 97.50 area on Thursday.
Upbeat market mood could help NZD/USD limit losses.
Coming up: US weekly Jobless Claims and speeches by FOMC members Kaplan, Williams, Kashkari.

Eren Sengezer FXStreet

The NZD/USD pair posted modest daily gains on Wednesday supported by the improving market sentiment and spent the Asian session moving sideways near 0.6650 before losing its traction. As of writing, the pair was trading at its lowest level in two weeks at 0.6617, losing 0.42% on a daily basis.

USD's performance drives NZD/USD on Thursday

Easing geopolitical tensions in the Middle East helped the risk-sensitive NZD stay resilient against the greenback on. However, surging US Treasury bond yields and the upbeat ADP employment report from the US on Wednesday allowed the USD to preserve its strength on Thursday.

Moreover, the sharp drop witnessed in the GBP/USD pair provided an additional boost to the USD in the last hour and forced the pair to stretch lower. As of writing, the US Dollar Index was up 0.15% on the day at 97.45.

Later in the session, the weekly Initial Jobless Claims data from the US will be looked upon for fresh impetus. More importantly, Dallas Fed President Kaplan, Minneapolis Fed President Kashkari and NY Fed President Williams will be delivering speeches.

In the early trading hours of the Asian session on Friday, Stats New Zealand will release the Total Filled Jobs data.

Technical levels to watch for

NZD/USD

Overview
Today last price	0.6623
Today Daily Change	-0.0026
Today Daily Change %	-0.39
Today daily open	0.6649

Trends
Daily SMA20	0.6647
Daily SMA50	0.652
Daily SMA100	0.643
Daily SMA200	0.6519

Levels
Previous Daily High	0.6673
Previous Daily Low	0.6617
Previous Weekly High	0.6756
Previous Weekly Low	0.6643
Previous Monthly High	0.6756
Previous Monthly Low	0.6424
Daily Fibonacci 38.2%	0.6652
Daily Fibonacci 61.8%	0.6638
Daily Pivot Point S1	0.6619
Daily Pivot Point S2	0.659
Daily Pivot Point S3	0.6563
Daily Pivot Point R1	0.6675
Daily Pivot Point R2	0.6702
Daily Pivot Point R3	0.6731

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.