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fxJun 16, 2026, 2:21 AM

NZD/USD Nears 0.5800 After China Retail Sales Miss Estimates

The New Zealand Dollar weakened toward 0.5800 against the US Dollar after China's retail sales data fell short of expectations, shifting focus to the upcoming Federal Reserve interest rate decision.

NZDUSD

The NZD/USD pair slipped to around 0.5810 during Asian trading on Tuesday, extending losses as disappointing Chinese retail sales data weighed on the New Zealand Dollar. The pair now approaches the 0.5800 support level.

China's retail sales figures missed consensus estimates, dampening risk sentiment and pressuring commodity-linked currencies like the NZD. Market attention now turns to the Federal Reserve's interest rate decision later this week, which could further influence USD direction.

Traders are pricing in heightened uncertainty around the Fed's policy path, with any hawkish tilt likely to add more downside pressure on the NZD/USD pair.

Source: FXStreet Forex News