New Zealand dollar gains strength as European traders exit, US dollar weakens ...Middle East

As London/European traders head for the exits, the US dollar is getting hammered with the client of over 1.20% versus the EUR, GBP, CHF, AUD and NZD. The declines verse the JPY and CAD are less, but still around -0.60%.The biggest mover is the NZDUSD with a move of 1.87%. That equals the largest gain since January 6, 2023.Technically the price is testing a swing area near 0.5985. Just above that level is the falling 100-day moving average at 0.6000 (a nice round number). The last time the price traded above the 100-day moving average was back on August 1 when the moving average was near 0.6200. The hurdle to get above the 100-day moving average is easier as a result of the negative bias for

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