NZD/USD Edges Lower as USD Rebounds on Mideast Jitters
The New Zealand dollar weakened against the U.S. dollar after Friday’s pullback, as the greenback recovered from post-NFP lows amid Middle East tensions.
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NZD/USD lost ground on Monday, extending Friday’s late retreat from a monthly high near 0.5900. The U.S. dollar recovered from its post-NFP slump as simmering Middle East tensions boosted demand for the safe-haven currency.
The pair’s move lower reflects a broader shift in risk sentiment, with geopolitical uncertainty outweighing the prior jobs-data-induced dollar weakness.
Source: FXStreet Forex News