NZD/USD Falls Below 0.5750 on PBOC Rate Hold, Iran Talks
The NZD/USD pair trades in negative territory around 0.5735 during early Asian session Monday, pressured by PBOC's rate decision and geopolitical factors.
NZDUSD
The New Zealand Dollar weakened against the US Dollar, dipping below 0.5750 to trade near 0.5735 in early Asian trading on Monday.
Pressure came after the People's Bank of China (PBOC) held its interest rates steady, dragging on the China-proxy NZD. At the same time, ongoing US-Iran talks added geopolitical uncertainty, further weighing on risk-sensitive currencies.
Source: FXStreet Forex News