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NZD/USD Trimmed Gains

Adel 6 April, 2021 6:02 pm Forex Market, Market Update

The New Zealand Dollar (NZD) witnessed huge losses on Monday, as the US Dollar (USD) rebounded as Investors are turning to safety.

After rising to its higher level in a year and a half by the end of last week, the NZD/USD pair erased its gains earlier today.

This is the worst performance for Kiwi since the beginning of the COVID-19 crisis in March.

The pair has been moving today between 0.6652 and 0.6778, after opening at 0.6752.

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