NZD/USD snaps its winning streak due to a rebound in the US Dollar. The US Dollar struggled due to softer-than-expected US jobs data revived hopes for the Fed’s interest rate cuts later this year.
signaled to delay any shift toward monetary easing until 2025 due to higher inflation in Q1. This decline in the pair could be attributed to the rebound in the US Dollar . The US Dollar Index , which gauges the performance of the US Dollar against six major currencies, hovers around 105.20, by the press time. The lower US Treasury yields could limit the advance of the Greenback. However, the US Dollar struggled due to softer-than-expected US jobs data released on Friday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: