NZD/USD remains above 0.6250 near monthly highs, receives support from dovish Fedspeak – FXStreet

The NZD/USD pair is currently trading above 0.6250, staying near its monthly highs. This level of support is being driven by recent dovish comments from Federal Reserve officials. The pair is holding steady as investors digest the implications of the Fedspeak on the currency market. The New Zealand Dollar is finding support in the face of a potentially weaker US Dollar. Traders are closely monitoring any further developments that could impact the NZD/USD exchange rate.