NZD/USD's rally loses steam head of 0.6100 with the RBNZ and US CPI on tap
The New Zealand Dollar remains on the front foot for the second consecutive day on Tuesday.
Source: fxstreet.com
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The New Zealand Dollar remains on the front foot for the second consecutive day on Tuesday.
The Reserve Bank of New Zealand (RBNZ) is widely expected to maintain the Official Cash Rate (OCR) at 5.50% for the sixth consecutive meeting in a row following the conclusion of its monetary policy meeting on Wednesday.
The NZD/USD rose to around 0.6058, reflecting a 0.41% gain on Tuesday's session.
The NZD/USD pair trades sideways near the psychological level of 0.6000 in Monday’s late Asian session.
The NZD/USD pair is currently trading at 0.6033, tallying daily gains on Monday’s session.