May 12, 2022 06:53 GMT
- USD remains on the front foot since the European Govie cash open, a continuation of the overnight session.
- The Dollar is in the green across the majors, besides the Yen, which is benefiting from the lower US Yield.
- Worst performer is the Kiwi, albeit just off its worst level.
- NZDUSD trades at the lowest level since June 2020, and has found support just ahead of the 61.8% retrace of the 2020/2021 rally at 0.6232, printed a 0.6237 low so far.
Chart source: MNI/Bloomberg