NZD / USD near recent highs just below the 0.6700 level

• The NZD / USD is rising modestly after closing negative on Monday.
• The US Dollar DXY Index consolidates Monday’s gains near 93.00.
• The focus shifts to key US macroeconomic data.

The pair NZD / USD it closed on the first day of the week with small losses and has changed its direction on Tuesday. At the time of writing, the pair moves higher and remains near recent highs, just below the 0.6700 level.

Hours earlier, data published by Statistics New Zealand showed that the country’s trade surplus widened in September. During that period, exports fell to NZD 4.01 billion, from NZD 4.41 billion the previous month, and imports increased from NZD 4.69 billion to NZD 5.02 billion. However, this data was largely ignored by market participants.

The focus is on US data.

On the other hand, the DXY US dollar index, which gained 0.35% on Monday, is struggling to maintain its bullish momentum ahead of the release of key US macroeconomic data., which has allowed the pair to register a slight rebound. At the moment, the DXY is moving slightly lower on the day at the 93.00 level.

Durable goods orders, the House Price Index, and the Conference Board Consumer Confidence Index data will be included in the US economic calendar.

Meanwhile, investors will closely monitor the performance of the major Wall Street indices after the sharp drop on Monday. If stock markets fail to achieve a significant rally, the USD could regain control with risk-off money flows returning to the markets.