Increased Risk Aversion Sends NZD/USD Below 0.5750
The NZD/USD pair continues to extend its losses for another day, trading at around 0.5740 during early European sessions on Wednesday. The recent decline is primarily driven by heightened risk aversion as investors prepare for the Federal Reserve’s upcoming monetary policy meeting. Market participants are increasingly cautious, anticipating potential shifts in the central bank’s approach to interest rates. This sentiment adds pressure to the Kiwi, and it remains to be seen how the market will react to subsequent economic indicators from the United States.