NZD gains ground to near 0.5800 against USD
The New Zealand Dollar has strengthened against the US Dollar, with the NZD/USD pair gaining traction to around 0.5790 during Asian trading hours.
The gain is attributed to upbeat annual New Zealand Gross Domestic Product data and improved risk sentiment.
The NZD/USD pair’s movement comes as the US and Iran have signed an agreement to end war, contributing to the improved risk environment.