NZD/USD Moves Toward YTD Low Ahead of Retail Sales Data
The NZD/USD pair is attracting fresh selling pressure close to the 0.5800 mark. The pair is undergoing a steady downward trend throughout the first half of the European session. Spot prices have fallen to the 0.5755 region, edging closer to the year-to-date low established earlier this week. This market behavior comes ahead of the US retail sales report, which may further influence trading directions. Traders should prepare for potential volatility as key economic indicators are set to release, impacting market sentiment and positioning.
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