- Greenback drops sharply after NFP and ISM service sector.
- US yield falls to multi-day lows, commodities rebound.
- NZD/USD reverses from monthly lows, and trims weekly losses.
The NZD/USD has risen a hundred pips from the daily low and it is trading at 0.6290, with a solid bullish tone supported by a broad-based USD decline.
The greenback turned to the downside after the release of the Nonfarm Payrolls report that came in above expectations. After a brief recovery, it resumed the downside following the ISM Service Sector report for December that showed a larger than expected slide.
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