NZD/USD is trading at approximately 0.5810 on Monday, reflecting a 0.40% decline and marking its third consecutive day of losses. The downward movement in this currency pair highlights the impact of a strengthening US Dollar as traders position themselves ahead of the upcoming release of the Federal Reserve's minutes.
The rebound of the USD has created a ripple effect across various currency pairs, with the NZD struggling to maintain its footing. As investors anticipate insights into the Fed's monetary policy direction, the exchange rate dynamics between the Kiwi and the Greenback may continue to fluctuate, influencing trading strategies in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-29 11:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.