NZD/USD Hits New Weekly High Near 0.5750 as China Unveils Stimulus Plans
The NZD/USD currency pair has reached a fresh weekly high close to 0.5750 during the European trading session on Thursday. This notable rise is attributed to renewed strength in the kiwi dollar, following assurances from Chinese authorities regarding additional fiscal stimulus measures. The government’s recent work report emphasized a commitment to bolstering economic activity, influencing sentiment across the forex markets. With global landscapes continually shifting, this surge showcases the intertwined nature of currency movements and international economic updates. Traders should be prepared for potential fluctuations as the markets digest these developments moving forward.
Newsletter
Get Every Weekly Update & Insights
[mc4wp_form id=]