NZD/USD Sticks To RBNZ-Inspired Losses, Defends 0.6000 Mark Ahead Of US CPI Report
August 14, 2024 at 07:44 AM EDT
NZD/USD retreats sharply from a multi-week top after the RBNZ’s surprise 25 bps rate cut. Dovish Fed expectations and a positive risk tone undermine the USD, lending some support.
