New Zealand Dollar slips below mid-0.5900s vs USD as geopolitical risks weigh on sentiment
The NZD/USD pair struggles to capitalize on the previous day's move higher and meets with a fresh supply during the Asian session on Tuesday amid a modest US Dollar (USD) uptick. Spot prices slip below mid-0.5900s, though the downside potential seems limited as traders opt to wait for the release of the latest US consumer inflation figures. The global risk sentiment remains fragile on the back of fading hopes for a potential US-Iran peace deal, which, in turn, benefits the safe-haven USD and exerts some pressure on the NZD/USD pair. US President Donald Trump and Iran both rejected each other’s peace proposals for ...
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How High Can Bitcoin Price Go? Expert Uses Silver’s Rally To Map $400,000 BTC Target
Samsung Biologics reports provisional interim results of PolyPeptide tender offer
Citi Says S&P 500 Needs AI and Non-AI Stocks to Reach 8,100
Boss Energy Downgraded to Equal-weight from Overweight by Morgan Stanley
Crypto prices
More
