Forex (SPOT)Premium

NZD/USD: Intraday Analysis & Setup update

The New Zealand dollar steadied around $0.611 but remained close to its lowest levels in five weeks as strong US retail sales data and hawkish remarks from Federal Reserve officials tempered interest rate cut expectations.

The currency also came under pressure from growing expectations that domestic interest rates have likely peaked, with markets pricing in 100 basis points of easing this year.

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