NZD/USD remains below 0.5900 due to dovish sentiment surrounding the RBNZ
The NZD/USD pair trades near 0.5890 during the early European session on Tuesday, maintaining its stance amid a softer US Dollar (USD) as profit-taking tempers its recent gains. However, the pair’s upside remains capped due to growing expectations of a bumper interest rate cut by the Reserve Bank of New Zealand (RBNZ) next week.
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