The NZD/USD currency pair is currently trading 0.15% lower, hovering around the exchange rate of 0.5775 during the European session on Wednesday. The Kiwi is facing downward pressure as the US Dollar strengthens sharply, driven by robust Nonfarm Payrolls (NFP) data for October and November, which has bolstered expectations for the USD's performance in the near term.
As traders anticipate New Zealand's Q3 GDP data release, the NZD remains in a corrective phase. The strengthening USD is prompting shifts in market sentiment, with investors closely monitoring economic indicators that may influence future currency movements. The outcome of the upcoming GDP report could provide further direction for the NZD/USD pair, potentially intensifying the corrective trend or prompting a rebound.
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Data Source: FX Killer Analysis Team Updated: 2025-12-17 09:30
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.