NZD/USD Pair Plummets Below 0.5850 Ahead of US NFP Data
The NZD/USD currency pair experienced a notable drop below the critical support level of 0.5850 during European trading sessions on Friday. The New Zealand Dollar (NZD) showed weakness against its peers. This decline comes as the Reserve Bank of New Zealand (RBNZ) hints at an aggressive easing policy stance. Market analysts are keeping a close eye on upcoming Nonfarm Payrolls data from the US, which will influence future currency movements in this pair.
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