NZD/USD extends losing streak to 0.5850
Greetings, dear friends! Currently, the NZD/USD trade is lower by approximately 0.5860 during the Asian trading session on Wednesday, extending a losing streak that began on Friday.
It is evident that this currency pair is experiencing pressure due to the stronger US Dollar (USD) as market participants seem to be accepting a lower likelihood of the Federal Reserve (Fed) raising interest rates in their policy meeting in September.
It is evident that this currency pair is experiencing pressure due to the stronger US Dollar (USD) as market participants seem to be accepting a lower likelihood of the Federal Reserve (Fed) raising interest rates in their policy meeting in September.
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