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fxJul 30, 2026, 7:01 AM

NZD/USD Gains Above 0.5800 as RBNZ Hike and Fed Hold Weigh on Dollar

The New Zealand dollar firmed towards 0.5810 in early European trade on Thursday, supported by the RBNZ’s rate hike and a subdued US dollar after the Fed held rates steady.

NZDUSD

The New Zealand dollar advanced against the greenback in early European trading on Thursday, with NZD/USD climbing to near 0.5810.

The pair found support after the Reserve Bank of New Zealand raised interest rates, contrasting with the Federal Reserve’s decision to leave rates unchanged.

The Fed’s pause weighed on the US dollar, allowing the kiwi to extend its gains above the 0.5800 mark.

Source: FXStreet Forex News