NZD/USD lacks a solid orientation of the day, still under 0.6000
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The NZD/USD pair lacked any strong direction on Monday and experienced mild fluctuations in the first half of the European trading session. The spot price is currently trading below the psychological level of 0.6000, although it remains within an impressive range, reaching a two-month high on Friday.
The increase in US Treasury bond yields, supported by prospects of further tightening policies from the Federal Reserve, serves as a favorable catalyst for the Greenback and limits the upward movement of the NZD/USD pair.
The increase in US Treasury bond yields, supported by prospects of further tightening policies from the Federal Reserve, serves as a favorable catalyst for the Greenback and limits the upward movement of the NZD/USD pair.
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