Forex (SPOT)Premium

NZDUSD: Weekly Analysis & Setup update

The New Zealand dollar strengthened past $0.594, as risk appetite continued to recover from a frenetic flight to safety last week, with investors expecting that conflicts between Iran and Israel will not widen further.

The Kiwi also benefited from a pullback in the US dollar after data showed that the US manufacturing and services sectors slowed, indicating that the economic upturn lost momentum.

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