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fxJul 2, 2026, 9:19 PM

New Zealand Dollar rises as softer US jobs data weighs on US Dollar

The NZD/USD pair advanced toward 0.5700 on Thursday as the US Dollar weakened following softer-than-expected US employment data.

NZDUSD

The New Zealand Dollar gained ground against the US Dollar on Thursday, pushing the NZD/USD pair toward the 0.5700 level. The move was driven by a weaker US Dollar after the release of softer-than-expected US jobs data.

Market participants interpreted the employment figures as a sign that the US labor market may be cooling, reducing the likelihood of aggressive Federal Reserve tightening. This weighed on the greenback and provided support for risk-sensitive currencies like the Kiwi.

Source: FXStreet Forex News