The NZD/USD pair moves slightly lower to near 0.5920 during the Asian session on Tuesday.
NZD/USD remains firmer, possibly reflecting an improved risk appetite following the easing tensions between Israel and Iran. The hawkish sentiment surrounding the Fed’s rates trajectory in June could bolster the US Dollar. China Securities Journal suggested that the PBoC might lower the MLF rate to decrease funding costs. The New Zealand Dollar found support from an improved risk appetite, bolstering the NZD/USD pair.
Additionally, Reuters reported that Atlanta Fed President Raphael Bostic indicated that the US central bank would abstain from cutting interest rates until the end of the year. On Tuesday, the China Securities Journal suggested the possibility of the People's Bank of China lowering the Medium-term Lending Facility rate on May 15 to reduce funding costs.
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