The NZD/USD pair attracts some intraday sellers on Wednesday and drops to a near four-week low, around the 0.5870 region after the Reserve Bank of New
NZD/USD slides to a near four-week low in reaction to the RBNZ’s decision to maintain the status quo.The NZD/USD pair
Traders, however, seem reluctant to place aggressive bearish bets around the NZD/USD pair and prefer to wait for the release of the US macro data – the ADP report on private-sector employment and the ISM Services PMI. This, along with the US bond yields and the broader risk sentiment, will drive the USD demand and produce short-term trading opportunities around the major.
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