NZD/USD Struggles Near 0.5900 on Dovish RBNZ Sentiment and Geopolitical Risks
NZD/USD has weakened significantly, closing near the critical level of 0.5900 following market expectations for a dovish Reserve Bank of New Zealand outlook. Geopolitical risks further dampen investor sentiment, leading to increased selling pressure on the New Zealand dollar. As traders navigate this landscape, they need to keep a close watch on relevant economic updates and geopolitical developments to anticipate further movements.
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