NZD/USD Steadies as Hawkish RBNZ Bets Support Kiwi
NZD/USD traded near 0.5870 in early European hours on Friday, breaking a four-day losing streak as markets continued to price in a potential RBNZ rate hike.
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The New Zealand dollar found support on Friday, with NZD/USD changing hands around 0.5870 during early European trading after four consecutive sessions of declines.
Market participants continued to factor in a hawkish Reserve Bank of New Zealand policy path, including the possibility of another rate hike, which helped lift the kiwi against the US dollar.
No further details were provided on the timing or scale of the expected move.
Source: FXStreet Forex News