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fxJul 3, 2026, 3:01 PM

New Zealand Dollar Gains on Weak US Employment Data

NZD/USD rose to 0.5710 on Friday, gaining 0.21% as weaker-than-expected US labor data pressured the US dollar and lifted risk appetite.

NZDUSD

The New Zealand Dollar strengthened against the US Dollar on Friday, with NZD/USD trading around 0.5710, up 0.21% on the day. The move was driven by a softer-than-expected US employment report, which weighed on the greenback and improved risk sentiment.

Market participants interpreted the weaker labor data as a sign that the Federal Reserve may ease monetary policy sooner, reducing the dollar's appeal. The Kiwi also benefited from a broader shift toward riskier assets as global equity markets advanced.

Source: FXStreet Forex News