Forex News Trading - New Zealand dollar was moving higher against the U.S. dollar in trading Thursday, as the greenback became more fragile sentiment ahead of the US data to be released today and anticipating the speech of the Chairman of the Federal Reserve, Janet Yellen, Friday tomorrow.
NZD/USD 1 hour then take thin 0.08%, trading at 0.7319-approaching the level 15-month high of 0.7347.
Commodity currencies found some support because the price of oil rose on Thursday, despite a rise in u.s. oil reserves unexpectedly last week.
Investors are waiting to see if Yellen will reiterate the views of Netanyahu's economy as expressed by Fed officials last week at the Fed's July meeting of the treatise, which suggests that officials are divided into two camps at the time of raising interest rates.
Market participants also see data-daa economy ahead as reports us jobless claims and durable goods as an indication of the strengthening economy. The U.S. dollar index, which measures the strength of the greenback against six major currencies, was steady at 94.68.