The New Zealand Dollar (NZD) is strengthening against the US Dollar (USD) on Friday as investors reposition expectations of US interest rates and look ahead to New Zealand's upcoming inflation data.
The NZD/USD pair loses ground to near 0.6015, snapping the three-day winning streak during the early Asian session on Friday. The New Zealand Dollar (NZD) weakens against the Greenback amid ongoing trade jitters. Traders will closely monitor the US trade headlines for fresh impetus.
The NZD/USD pair trades with mild gains near 0.6030 during the early Asian session on Thursday. The New Zealand Dollar (NZD) strengthens against the Greenback due to the stronger-than-expected New Zealand’s Gross Domestic Product (GDP) report.