NZD/USD extends losses to three-month lows near 0.5870, US PPI awaited
NZD/USD extends its decline for the third consecutive day, trading near 0.5870, marking a three-month low during Thursday’s Asian session. The pair’s downward movement is largely due to the strengthening US Dollar (USD), fueled by “Trump trades” and less dovish remarks from Federal Reserve (Fed) officials following US inflation data.
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