NZD/USD flirts with daily low, just below mid-0.6900s amid stronger USD By HareshMenghani NZDUSD Ukraine Fed Majors Currencies
Fed rate hike bets, a softer risk tone benefitted the safe-haven USD and exerted pressure.NZD/USD
Having faced rejection near the 0.7000 psychological mark, the NZD/USD pair witnessed some selling on Thursday and snapped two days of the winning streak to the highest level since November 2021. The US dollar made a solid comeback and has now reversed the previous day's losses to a nearly two-week low. This, in turn, was seen as a key factor that exerted downward pressure on spot prices.
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