The currency pair climbs to its highest level this week as Fed rate hike expectations ease and risk appetite improves.
The NZD/USD pair reached a fresh weekly high of 0.5725 during European trading on Friday, driven by a softer US Dollar. The move reflects improved risk sentiment as markets dial back expectations for further Federal Reserve tightening.
Prior to this session, the pair had traded in a narrower range, with the USD supported by resilient US economic data. The shift follows recent comments from Fed officials suggesting a potential pause in rate hikes, contrasting with earlier hawkish signals.
No immediate market reaction data was provided, but the uptick aligns with broader gains in risk-sensitive assets.