The NZD/USD pair has continued its upward momentum for the second consecutive session, trading around the 0.5940 level during Wednesday’s Asian trading hours. The pair’s strength is attributed to pressure on the US Dollar (USD) following the release of softer-than-expected inflation figures.

As the dollar struggles, NZD gains ground, showcasing the interconnected nature of currency pairs. Observing economic releases will remain vital as they can sway investor sentiment significantly.

Market participants should remain vigilant, as shifts in global inflation rates could lead to further developments in currency valuation.