NZD/USD Steady as Market Awaits US CPI Data
The NZD/USD pair holds near 0.7030 after mixed Chinese inflation figures, with traders eyeing the upcoming US CPI report.
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The New Zealand Dollar is trading flat against the US Dollar during Asian hours on Wednesday, with the NZD/USD pair steady around the 0.7030 level.
Price action follows the release of mixed inflation data from China. Meanwhile, market attention is shifting to the US May Consumer Price Index (CPI) report due later today, which could provide fresh direction for the currency pair.
Source: FXStreet Forex News