The NZD/USD pair is currently trading below the 0.5700 mark, showing continued weakness. This decline marks the third consecutive day of losses for the New Zealand Dollar as it faces strong deflationary pressures in China.

Recent reports revealed a significant drop in consumer prices in China, the largest seen in 13 months. Furthermore, factory-gate prices have been declining for 29 straight months, creating a challenging environment for the New Zealand Dollar.

Market participants are urged to stay informed about ongoing economic indicators and adjust their strategies accordingly.