The NZD/USD pair loses ground to near 0.5990 during the early Asian session on Friday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) amid rising fears over a potential spread of the conflict in the Middle East.
The EUR/USD pair is extending its reversal from last week's highs on Thursday, weighed by investors' aversion to risk, as fears of an escalation of the Israel-Iran war into a regional conflict have overshadowed the Federal Reserve's (Fed) monetary policy decision.
EUR/GBP extended its winning streak for the fourth consecutive day, trading near 0.8550 during the Asian hours on Thursday. The currency cross remains steady ahead of the Bank of England’s (BoE) interest rate decision scheduled later in the day.