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fxJul 3, 2026, 2:14 AM

NZD/USD Holds Firm Above 0.5700 After Chinese Services PMI

The New Zealand Dollar traded around 0.5705 against the US dollar in Asian hours on Friday, supported by better-than-expected Chinese services sector data. US markets will be closed for the Independence Day observance, limiting trading volume.

NZDUSD

The NZD/USD pair held steady above the 0.5700 mark during Asian trading on Friday, with the New Zealand dollar drawing support from the latest Chinese services PMI print. The data showed continued expansion in China’s services sector, a key export market for New Zealand.

Trading volumes are expected to be thinner than usual as US financial markets will remain closed on Friday in observance of Independence Day. The holiday closure may keep price action range-bound for the remainder of the session.

The pair was last seen near 0.5705, consolidating recent gains after bouncing off earlier lows. No other major New Zealand economic data is scheduled for release today.

Source: FXStreet Forex News