New Zealand Dollar Rallies Past 0.5930 as Treasury Buyback Weighs on US Yields
NZD/USD pushed above the 0.5930 level as broad US dollar weakness, linked to lower Treasury yields following a buyback, supported the kiwi.
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The New Zealand dollar advanced against the US dollar, moving north of the 0.5930 handle. The move was attributed primarily to softer demand for the greenback rather than fresh kiwi-specific drivers.
A US Treasury buyback was cited as a factor dragging on US yields, which in turn weighed on the dollar. The broader weakness in the US currency helped lift NZD/USD during the session.
Source: FXStreet Forex News