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fxJun 17, 2026, 1:58 AM

NZD/USD Holds Positive Bias on Iran Deal Speculation, USD Weakens

NZD/USD trades with a positive bias for a second day as reports of an Iran peace deal undermine the US dollar ahead of the FOMC meeting. The pair remains below the mid-0.5800s, lacking strong bullish conviction.

NZDUSD

The New Zealand dollar maintained a positive bias against the US dollar for the second straight session on Wednesday, supported by reports of a potential Iran peace deal that weighed on the greenback.

Despite the upward tilt, NZD/USD struggled to break above the mid-0.5800 level, indicating a lack of strong bullish momentum. Traders are awaiting the Federal Reserve's policy decision later today, which could drive the next directional move.

The Iran deal speculation has added to USD weakness, as any easing of geopolitical tensions could reduce safe-haven demand for the dollar. However, the NZD's gains remain tentative as broader risk sentiment stays cautious.

Source: FXStreet Forex News