The NZD/USD currency pair is under pressure, extending its losses for a second consecutive day as it trades around 0.5730 during the Asian trading session on Wednesday. The exchange rate remains below the crucial 0.5750 level, reflecting ongoing concerns in the market.
Traders are closely monitoring upcoming trade data from China, which could influence the New Zealand dollar’s performance against the US dollar. A weaker economic outlook from China may further impact the NZD, suggesting continued volatility in the forex market as investors adjust their positions ahead of the data release.
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Data Source: FX Killer Analysis Team Updated: 2026-01-14 04:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.