NZD/USD Faces Pressure as Weak Chinese PMI Data Hits Markets
The NZD/USD currency pair is currently retreating around 0.5960 during Tuesday’s Asian session after experiencing two consecutive days of gains. This pullback is primarily influenced by disappointing economic data from China, which has affected the New Zealand Dollar (NZD). Analysts caution that the pair remains vulnerable to further declines if the bearish sentiment persists within the market. As investors grapple with this new information, they should stay alert for any developments that might impact the currency movements.