NZD/USD Muted Near 0.5870 as Fed Caution and Iran Tensions Support USD

The NZD/USD pair is trading near the 0.5870 level on Friday, showing little movement as the US dollar finds support from two main factors: cautious remarks from the Federal Reserve and safe-haven flows stemming from ongoing uncertainty surrounding Iran.

Market participants are closely monitoring geopolitical developments in Iran, which have bolstered demand for the US dollar as a safe haven. Meanwhile, a cautious tone from Fed officials continues to underpin the greenback, keeping the kiwi pair in a narrow range.