NZD USD Surges Above 0.5800 After Recovering from Two Year Lows
NZD USD breaks its two-day losing streak after hitting a two-year low at 0.5761 on Wednesday. Currently, it trades around 0.5820 as European hours progress on Thursday. Despite this recovery, the New Zealand Dollar (NZD) faces pressure due to speculation that Beijing might permit further depreciation of the Yuan in response to US tariffs next year. Market participants should monitor geopolitical developments and their impact on exchange rates, particularly involving the NZD.
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