NZD/USD Falls as Safe-Haven Demand Boosts US Dollar
The New Zealand Dollar weakened against the US Dollar on Monday, trading near 0.5750, as safe-haven demand lifted the greenback. NZD failed to find support despite positive domestic economic data.
NZDUSD
The NZD/USD pair fell during Asian hours on Monday, trading around 0.5750, extending a three-day losing streak. The New Zealand Dollar remained subdued as safe-haven flows boosted the US Dollar.
The pair held onto its losses even as New Zealand's economic data showed a positive turnaround, offering no immediate support to the kiwi. Markets continued to favor the greenback amid heightened risk aversion.
Source: FXStreet Forex News