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fxJun 18, 2026, 9:47 AM

NZD/USD dips as hawkish Fed outweighs NZ growth data

The New Zealand Dollar edged lower against the USD on Thursday despite strong domestic economic data, as hawkish Fed expectations continued to support the greenback.

NZDUSD

NZD/USD traded around 0.5765 on Thursday, down 0.07% on the day. The pair struggled to extend its recovery despite solid economic releases from New Zealand.

The US Dollar remained underpinned by the Federal Reserve's more hawkish stance, which offset any optimism from stronger NZ growth and improved risk sentiment.

The currency pair failed to hold onto earlier gains, with the prevailing interest rate differential favoring the USD.

Source: FXStreet Forex News