NZD/USD Holds Steady at 0.5800 Amid Fed Rate Cut Speculation
The NZD/USD currency pair maintains stability as traders brace for a possible interest rate cut by the US Federal Reserve on Wednesday. Currently, the pair trades around 0.5780 during Asian hours, reflecting broader market sentiment. Traders remain focused on the Fed’s projections for 2025, which could have lasting effects on key currency pairs and overall market dynamics. Investors should prepare for potential volatility in the coming days.