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fxJun 23, 2026, 2:26 AM

NZD/USD Extends Slide Near 0.5700 on Hawkish Fed

The NZD/USD pair fell for a fifth straight session, trading around 0.5705 during Asian hours Tuesday, pressured by a stronger US dollar following hawkish Federal Reserve comments.

NZDUSD

The New Zealand dollar continued its decline against the US dollar, with NZD/USD trading near 0.5705 during Asian trading on Tuesday. This marks the fifth consecutive day of losses for the pair.

The US dollar strengthened broadly after the Federal Reserve maintained a hawkish stance, weighing on the New Zealand dollar. The move comes despite reports of progress in US-Iran peace talks, which typically support risk-sensitive currencies like the NZD.

Traders are now watching for further Fed commentary and any shifts in risk sentiment that could influence the pair's direction.

Source: FXStreet Forex News