NZD/USD manages to hold above mid-0.5900s, seems vulnerable near multi-month low
The NZD/USD pair prolongs its recent downward trajectory witnessed over the past week or so and drops to its lowest level since August 5, closer to mid-0.5800s on Thursday. Spot prices, however, rebound a few pips during the first half of the European session, though any meaningful recovery still seems elusive in the wake of broad-based US Dollar (USD) strength.
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