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NZD/USD extends gains to fresh 1-month highs

FXStreet (Córdoba) - The kiwi is among the best performers on Wednesday, alongside other commodity currencies, as the greenback extends weakness following dovish comments from Fed’s Dudley at the beginning of the New York session.

NZD/USD broke above the 100- and 50-day SMAs and climbed to a fresh 1-month high at 0.6644 in recent dealings. At time of writing, the pair is trading at 0.6640, recording a 1.97% daily gain.

During the Asian session, New Zealand reported the unemployment rate fell to 5.3% during the fourth quarter, its lowest since March quarter 2009.

Meanwhile, investors look forward to US nonfarm payrolls report due on Friday. Today, ADP data showed the US private sector added 205K jobs in January, slightly above the 195K expected.

AUD/USD firmer, flirting with 0.7100

The Aussie dollar is benefiting from the weakness around the greenback, now pushing AUD/USD to the boundaries of 0.7100 the figure...
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Special OPEC meeting to be held this month – Ecuador President

As per Wall Street Journal reports, Ecuador President said today that a special OPEC meeting is to be held this month.
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