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TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
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TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B

NZD/USD drops under 0.5650 due to robust US economic performance

James Carter
James Carter

James Carter

James is a seasoned forex trader and financial analyst with...

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James Carter

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The NZD/USD pair declined below 0.5650 as robust US economic data reinforced the dollar’s dominance in currency markets. Recent reports highlighted a surprising uptick in the US labor market and factory activity, reigniting expectations for prolonged Federal Reserve tightening. These developments pushed the US dollar higher, pressuring the New Zealand dollar, which has struggled against broader risk-off sentiment.

Market participants remain cautious ahead of upcoming US inflation data, which could further bolster rate-hike bets. The New Zealand dollar, sensitive to global risk appetite, faces additional challenges as domestic economic indicators remain subdued. Traders are closely watching for signals from the Reserve Bank of New Zealand, though a strong US dollar continues to weigh heavily on the pair’s outlook.

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