The NZD/USD pair extends its downside to around 0.5880 during the early Asian trading hours on Friday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) amid escalating trade tension between the United States (US) and China.
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1496 as compared to the previous day's fix of 7.1494 and 7.2033 Reuters estimate.
Dow Jones futures advance ahead of the US market opening on Thursday, trading around 44,800, up by 0.38%, during European hours. Meanwhile, S&P 500 futures are sharply up by 1.07% to near 6,460, and Nasdaq 100 futures appreciate 1.45% to trade near 23,800.