NZD/USD Gains Traction as China Reports 5.4% Economic Growth

The NZD/USD pair is holding steady during Asian trading hours at around 0.5905. The Kiwi is gaining against the US Dollar following upbeat economic news from China.

This encouraging report indicates a growth rate of 5.4% Year-on-Year for China, bolstering the New Zealand currency’s appeal. Traders should consider this bullish sentiment as they evaluate future trades within NZD/USD.

Performance in this pair could signify larger trends in the forex market, especially in relation to commodity currencies.