NZD/USD Dips Near 0.5950 as U.S. Dollar Gains Ahead of PCE Index Release
The NZD/USD currency pair has halted its upward trend, trading near the 0.5960 mark during early European sessions on Friday. After a brief period of gains, the rally faced resistance. Market attention now turns to the upcoming PCE Index data, which could steer market sentiments. The recent ruling permitting U.S. President Donald Trump’s tariffs has influenced traders, leading to speculations about the potential struggle of the U.S. Dollar. As events unfold, traders should prepare for volatility in the currency markets this week.