FXstreet.com (Sydney) - The Kiwi rose against the dollar and the euro to 3-week highs. The NZD rose on the back of negative sentiment against the US economy and the return of risk appetite. The pair is currently trading at 0.7496 finding support at 0.7455 and resistance at 0.7504. Outlook for the pair is slightly bearish.
In the US, the Fed reaffirmed its commitment to keeping interests at historic lows in order to boost the economy. Traders saw that as a sign of continuing weakness in the dollar selling the currency against the EUR opting for high-yielding currencies such as the Kiwi.