NZDUSD Surges by 1% as US Dollar Sustains Strong Momentum Against Multiple Currencies
A Week of Varied Performance for the US Dollar, British Pound Records Weakest Performance at -1.2%
Over the past week, the currency markets have been quite interesting, with the US Dollar playing a leading role. In particular, the NZDUSD pair gained 1%, while the US Dollar showed strength against various other currencies. The British Pound, in contrast, had a tough time, weakening by 1.2%.
What were the contributing factors behind the 1% gain in NZDUSD and the concurrent 1.2% loss in GBPUSD?
