The NZD/USD pair remains under pressure, trading below the critical 0.5600 mark as the US Dollar continues to gain strength. Market sentiment has been bolstered by robust US economic data, which has heightened expectations for Federal Reserve tightening, putting additional weight on the New Zealand Dollar.
Investors are now closely watching the upcoming US PMI data, set to offer further insights into the health of the US economy. A strong reading could solidify the Dollar’s dominance, while a disappointing figure may provide some relief for the Kiwi. The cautious trading environment underscores market participants’ sensitivity to economic indicators as central banks maintain a data-driven approach.
