The NZD/USD currency pair has weakened to approximately 0.5760 in early European trading on Friday, as renewed demand for the US Dollar puts pressure on the Kiwi. Despite an upbeat GDP report from New Zealand, the positive sentiment was unable to sustain the currency's strength, leading to increased selling activity.
Traders are now turning their attention to the upcoming University of Michigan Consumer Sentiment Index and Consumer Inflation Expectations data, which could significantly influence market dynamics. As the exchange rate hovers near 0.5750, any unexpected shifts in these indicators may further impact the NZD/USD movements and overall market sentiment.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 07:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.