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Published: 2024-01-03T05:33:43.000Z

NZD/USD flows: Rebounded the most after falling the most

byCephas Kin Long Yung

FX Analyst
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Kiwi rebounded after being sunk by the greenback

 

 

Kiwi is the best performer in majors against the greenback despite sour regional risk sentiment and soft commodity price. While it can be partially attributed to broad USD weakness, the magnitude of the rebound is also related to the pace of fall on Tuesday (Kiwi the biggest loser of 1.21%) 

NZD/USD is trading 0.38% higher at 0.6273.

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Topics
FX DM
Foreign Exchange
Flows
NZD/USD-Commentary

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