NZD/USD Retreats to 0.5710 Amid Expectations of RBNZ Rate Cut
NZD/USD has experienced a pullback after three consecutive days of gains, trading around 0.5710 during Tuesday’s European hours. This decline is primarily driven by a stronger US Dollar, which has seen rising Treasury yields impacting the currency pair. Traders are adjusting their strategies in anticipation of a potential rate cut from the Reserve Bank of New Zealand (RBNZ). Market sentiment remains cautious as participants assess future monetary policy decisions.
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