NZD/USD recovers but holds below 0.7500

FXStreet (Córdoba) - The kiwi rose against the US dollar during the American session but so far it was unable to climb back above 0.7500

NZD/USD rebounds at 0.7430

The pair dropped during the Asian session and bottomed on European hours at 0.7428. Afterwards bounced to the upside, boosted after the release of weak economic data from the US.

During the New York session peaked at 0.7494 and near the end of the week it was trading at 0.7485/90, unchanged for the day and also for the week.

The New Zealand dollar was able to erase weekly losses after falling on Tuesday to 0.7317, a 2-month low.