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The NZD/USD pair comes under heavy selling pressure on Thursday and continues losing ground through the first half of the European session.
The NZDUSD pair breaks the key support zone and extends the drop into new lows. What’s next?
NZD/USD continues its losing streak for the third successive session as the US Dollar (USD) falls on the dovish sentiment surrounding the Federal Reserve's stance on the trajectory of interest rates, with market sentiment leaning towards the Fed initiating interest rate cuts starting in June.
The NZD/USD pair extends recovery to 0.6160 in Wednesday’s early European session.
The New Zealand Dollar trades lower against the US Dollar on Tuesday after the release of US Consumer Price Index (CPI) data for February shows inflationary pressures in the American economy remain stubbornly high.