NZD USD Drops to 0.5850 Amid Expectations of RBNZ Rate Cut
The NZD USD pair continued its downward slide. It traded around 0.5860 during European hours on Thursday. The New Zealand Dollar faces significant challenges due to increasing speculation that the Reserve Bank of New Zealand is poised to implement a substantial interest rate cut in the upcoming week. Traders must stay alert for any signs or announcements from the RBNZ that could further influence the NZD’s performance in the market.
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