Investors trim USD positions ahead of key US jobs data, lifting the New Zealand Dollar by 0.16% in early trading.
The New Zealand Dollar climbed to 0.5680 against the USD, gaining 0.16% on Thursday as traders reduced exposure to the greenback ahead of the US Nonfarm Payrolls report.
Market sentiment shifted following weaker-than-expected US economic indicators, prompting caution before the closely watched NFP release. The pair had traded lower in the previous session amid broader USD strength.
No immediate market reaction was specified, but the move reflects positioning ahead of Friday’s labor data, which could influence Federal Reserve policy expectations.