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fxAug 3, 2026, 9:36 PM

New Zealand Dollar Steady Ahead of Jobs Data

NZD/USD trades near 0.5870 as traders await New Zealand employment figures; the pair struggles to extend its recent advance while the US dollar firms.

NZDUSD

The New Zealand dollar held steady against the US dollar on Monday, with NZD/USD trading near the 0.5870 level. The pair retained the bulk of last week's gains but showed limited upward momentum as the greenback regained some ground.

Traders are now focused on upcoming New Zealand jobs data, which could shape expectations for the Reserve Bank of New Zealand's policy path. A strong labor market report may reinforce the kiwi's resilience, while a softer print could weigh on the currency.

In the absence of major catalysts, price action remained contained, reflecting cautious positioning ahead of the data release.

Source: FXStreet Forex News