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The New Zealand Dollar (NZD) trades lower in most pairs at the start of the new week after investor sentiment sours during the Asian session and investors see a risk of a slightly hawkish tone coming from the Reserve Bank of New Zealand (RBNZ) at their meeting on Thursday.
NZD/USD trades higher for the second successive session, trading near 0.6060 during the European session on Friday.
The NZD/USD pair edges higher for the second successive day on Friday, albeit lacks bullish conviction and remains below its highest level since August 10 touched earlier this week.
The New Zealand Dollar (NZD) takes another stride higher on Friday as the positive market mood continues and a new government takes its seat in Wellington, bringing weeks of coalition talks to a conclusion.
Kiwi’s post-US CPI rally extended this week. Economists at ANZ Bank analyze NZD/USD outlook.