The New Zealand Dollar gains against the USD after softer US employment figures reduce demand for the greenback.
The New Zealand Dollar rose 0.59% against the US Dollar on Thursday, trading at 0.5705, as weaker-than-expected US employment data weighed on the USD. The decline in the greenback provided support for the NZD/USD pair during the session.
Earlier data showed US job growth slowing more than anticipated, contrasting with recent trends of labor market resilience. The shift in sentiment followed the release of employment figures that fell short of economist forecasts.
Markets reacted by adjusting expectations for Federal Reserve policy, with the USD losing ground against major peers, including the NZD.