NZD/USD RISES ABOVE 0.5900 AS NEW ZEALAND DOLLAR ADVANCES DUE TO IMPROVING SENTIMENT
NZD/USD RISES ABOVE 0.5900 AS NEW ZEALAND DOLLAR ADVANCES DUE TO IMPROVING SENTIMENT
The NZD/USD pair is trading near 0.5930 during the Asian session on Friday, recovering from previous losses.
Stronger-than-expected Chinese economic indicators, including GDP growth and retail sales, have positively impacted the New Zealand Dollar.
Easing US-China trade tensions have improved market sentiment, benefiting risk-sensitive currencies like the NZD.
Anticipation of potential rate cuts by the US Federal Reserve has weakened the US Dollar, providing support to the NZD.
Despite some fluctuations, the NZD/USD pair maintains its position above the 0.5900 mark, reflecting sustained positive sentiment.
