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NZDUSD Slides to Two-Week Low as US Yields Rise Ahead of RBNZ Hike

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The Story

News Summary

  • The New Zealand dollar fell to a two-week low near $0.59 as rising US yields and Middle East tensions dampened risk appetite.
  • While an anticipated 25 bps RBNZ interest rate hike limited further losses, broad Fed rate hike expectations continue to weigh on the pair.
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NZDUSD price history

0.58 +0.00% over the displayed period

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