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November 26, 2024

NZD/USD Hits Yearly Low Driven by US Dollar Strength

The NZD/USD pair has significantly declined, reaching a low of 0.5841, with a yearly trough now at 0.5796. This downturn is mainly influenced by a robust US dollar, which gains strength ahead of expected tariff changes under US President-elect Donald Trump. Investors need to remain cautious as these economic factors could wreak havoc in the forex market. Monitoring the situation will be crucial for making informed trading decisions.

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