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NZD/USD. Price Analysis. Forecast. The RBNZ's Dovish Rate Path Weakens the Kiwi
The NZD/USD pair trades within the
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The NZD/USD pair trades within the previous day's range. The New Zealand dollar remains relatively weak due to the Reserve Bank of New Zealand's dovish approach to rate increases amid sluggish domestic growth.By contrast, the US Federal Reserve remains comparatively hawkish and signals the likelihood of another rate hike this year after last week's increase. This backdrop, together with geopolitical uncertainty, strengthens demand for the US dollar and pressures NZD/USD.Nordea analysts emphasize that the US economy shows "resilience": inflationary pressure
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