The NZD/USD currency pair continued its upward trajectory, rising for the fifth consecutive day as the US dollar weakened. Trading around 0.5820 on Thursday, the exchange rate reflects a modest increase of 0.10% for the day. This price action consolidates above the critical 0.5800 level reached the previous day, marking a peak not seen in over two months.
Support from the Reserve Bank of New Zealand (RBNZ) has bolstered confidence in the kiwi, driving demand amid a backdrop of USD softness. As traders monitor further developments, the sustained strength of the NZD may contribute to ongoing volatility in the forex markets, especially if the RBNZ maintains its hawkish stance in the face of global economic uncertainties.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 18:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.