NZDUSD Continues Downward Spiral Despite Economic Growth Signs
NZDUSD maintains its downward trajectory for the third day in a row, hovering around 5760 during European hours this Thursday. Despite positive data that confirms the New Zealand economy is emerging from recession, the New Zealand Dollar (NZD) continues to weaken. This paradox raises concerns among traders who are seeking potential reversal signs. The market’s focus will likely shift to upcoming domestic indicators that could sway the NZD’s performance positively or negatively as trading progresses.