During the European session the Australian and the New Zealand dollar are the best performers in the G7 FX group. AUD/USD trading at 0.6628, +0.47% while NZD/USD pricing at 0.6069 , advancing by 0.54%.
Both pairs recently left their 2023 lows against the greenback and is possible to see a consolidation of positive market sentiment if the FED will pause its interest rate hiking next week.
U.S. Dollar Index (DXY) is down 0.22% at 103.87 this morning. The Kiwi dollar is down 8.51% from its 2023 high while AUDUSD is down by 10.08% vs. the US dollar since its January top this year.
