The USD is falling the most compared to the NZD
The USD fell for all weeks against all major currencies except one … CHF.
The US dollar fell the most against NZD and AUD as these currencies benefited from sentimental risk, somewhat improving China and expectations that central banks would turn to some expansionary policies as Covid spreads.
After Monday’s side trading, NZDUSD rose every next day of the week. The pair has risen 9 in the last 11 trading days.
Compared to AUDUSD, the pair was modestly lower on Monday before rising every other day of the week.
For the USDCHF, the pair closed near the week’s low last Friday. After being extended lower at the beginning of Monday’s session, the couple tried to rise sharply higher. At that point, it was reversed on Tuesday, before reaching a weekly high on Wednesday, and slowing down again on Thursday and today. Overall, the week was full of up and down pricing, with a trading range of only 88 pips.