The NZD/USD pair gathers strength to around 0.6035 during the early Asian session on Thursday. Cooler-than-expected US inflation data and rising bets of a Federal Reserve (Fed) rate cut in September exert some selling pressure on the Greenback.
US President Donald Trump said late Wednesday that he would be willing to extend the trade talks deadline but doesn't think it will be necessary. Trump further stated that he will set unilateral tariff rates within two weeks.
The upward trend in the Aussie Dollar (AUD) continues unabated this week, with AUD/USD advancing for the third consecutive day and reaching new yearly peaks near the 0.6550 level.