New Zealand Dollar Weakens Ahead of China PMI Data
NZD/USD falls to near 0.5870 after a three-day winning streak as traders await Chinese PMI figures.
NZDUSD
The New Zealand Dollar declined against the US Dollar during Asian trading on Friday, snapping a three-day rally. NZD/USD was last seen around the 0.5870 level.
Market participants are taking a cautious stance as they look ahead to the release of China's Purchasing Managers' Index data later in the session. The figures are closely watched given New Zealand's trade ties with China.
Source: FXStreet Forex News