The NZD/USD currency pair is facing ongoing pressure, trading at approximately 0.5775 during the early Asian session on Tuesday. This marks the fourth consecutive day of decline, largely influenced by disappointing economic data from China. As a key trading partner for New Zealand, weaker Chinese growth figures are weighing heavily on the New Zealand Dollar (NZD), leading to increased selling against the US Dollar (USD).
Market participants are now shifting their focus to the upcoming US Non-Farm Payroll (NFP) data, which could significantly impact the exchange rate. A strong NFP report could bolster the USD further, while any signs of weakness may provide some support for the NZD. Traders are closely monitoring these developments, as they could dictate the short-term trajectory of the NZD/USD pair in the volatile forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-16 01:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.