NZD/USD REMAINS BELOW FIVE-MONTH HIGHS NEAR 0.6000 DUE TO TRADE POLICY FOCUS
NZD/USD REMAINS BELOW FIVE-MONTH HIGHS NEAR 0.6000 DUE TO TRADE POLICY FOCUS
The NZD/USD currency pair is trading subdued around 0.5970 during Friday's Asian session, holding near Thursday's five-month high of 0.5979 after seven consecutive days of gains.
The pair could see further upside as the US Dollar (USD) weakens amid rising concerns over the economic fallout from US tariffs.
NZD/USD is trading around 0.5970, maintaining its position near the recent five-month high of 0.5979.
The pair has experienced seven consecutive days of gains, reflecting a positive momentum for the New Zealand Dollar (NZD).
The USD is weakening due to concerns over the economic impact of US tariffs, which may influence the Federal Reserve's monetary policy decisions.
Rising trade tensions and tariff-related uncertainties are contributing to a cautious market sentiment, affecting the USD's performance.
If the USD continues to weaken, NZD/USD may experience further upward movement, potentially surpassing the 0.6000 level.
