The New Zealand Dollar weakens for a seventh session as investors await key US inflation data amid broad USD strength.
NZD/USD fell to around 0.5640, marking a seventh consecutive daily decline and approaching levels last seen in November 2025. The pair remains pressured by a resilient US Dollar and persistent risk aversion in global markets.
Prior to this streak, NZD/USD had traded near 0.5700 earlier in the month, supported by expectations of Federal Reserve rate cuts. However, recent US economic data has tempered those expectations, bolstering the USD.
Markets now focus on upcoming US Personal Consumption Expenditures (PCE) data, a key inflation gauge that could influence Fed policy decisions.