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The NZD/USD skidded back into near-term lows on Monday, falling through the 0.6200 handle as the Kiwi (NZD) sold off against the US Dollar (USD) in a broad-market Greenback bid as markets rebalanced with US markets shuttered in observance of Martin Luther King Day.
The NZD/USD pair has printed a fresh monthly low near 0.6150 in the early New York session.
The NZD/USD pair faces an intense sell-off as the People’s Bank of China (PBoC) has kept the medium-term lending facility rates surprisingly unchanged at 2.5%.
NZD/USD snaps its two-day winning streak as market sentiment shifts to risk-averse on escalated geopolitical tension in the Middle East.
NZD/USD moves higher on an upward trajectory for the second consecutive session on Friday, improving near 0.6250 during the Asian session.