NZD/USD sticks to modest gains around 0.5900, over two-week high ahead of NFP

Share:

• NZD/USD scales higher for the third successive day amid the prevalent USD selling bias.
• Bets that the Fed will not hike rates again and a positive risk tone undermine the USD.
• Spot prices remain on track to snap a three-week losing streak ahead of the NFP report.

The NZD/USD pair attracts some buying for the third successive day on Friday and climbs back above the 0.5900 mark during the first half of the European session. Spot prices currently trade just a few pips below a two-week high touched on Thursday and now look to the US monthly employment details for a fresh impetus.