NZD/USD moves higher near 0.6020 as PBoC keeps LPR unchanged
NZD/USD receives upward support following China's interest rate decision.
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NZD/USD receives upward support following China's interest rate decision.
The New Zealand Dollar (NZD) is trading higher against the US Dollar (USD) at the start of the new week, as optimism surrounding the outlook for China, New Zealand’s chief trading partner, supports the NZD – and the USD suffers more losses.
The NZD/USD pair holds positive ground for the third consecutive day during the early Asian trading hours on Thursday.
NZD/USD aims to retrace the recent gains, trading near 0.5980 during the Asian hours on Thursday.
The New Zealand Dollar (NZD) pares the strong gains made midweek as the European session gets underway on Thursday.