New Zealand Dollar Advances as US Employment Data Disappoints
NZD/USD rose 0.59% to around 0.5705 after weaker-than-expected US employment data weighed on the US dollar.
NZDUSD
The New Zealand Dollar gained against the US Dollar on Thursday, climbing 0.59% to trade near 0.5705. The move was driven by a sharp decline in the greenback following the release of significantly weaker-than-expected US employment data.
The weaker employment figures weighed on the US Dollar broadly, providing support for NZD/USD. The pair continues to trade in a range influenced by labor market data and broader risk sentiment.
Source: FXStreet Forex News