The NZD/USD currency pair has shown a slight decline, trading around 0.5765 during early Asian hours on Friday. This weakening comes as the US Dollar (USD) gains strength, impacting the exchange rate. Market participants are closely monitoring the upcoming US Personal Consumption Expenditures (PCE) inflation release, which could influence future monetary policy.
Despite the current pressure on the NZD/USD, potential downside risks may be mitigated by increasing expectations for a Federal Reserve (Fed) rate cut next week. Traders are weighing the implications of both the inflation data and Fed's policy direction, which could provide a more stable outlook for the New Zealand Dollar (NZD) in the near term.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 04:02
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.