NZD/USD softens below 0.6000 amid expectation of slower pace of Fed rate cuts – FXStreet

The New Zealand Dollar (NZD) has weakened against the US Dollar (USD), falling below the key level of 0.6000. This drop comes as market participants anticipate that the Federal Reserve may slow down the pace of its interest rate cuts. This expectation has put pressure on the NZD/USD pair, causing it to soften. Investors are closely monitoring the Fed’s monetary policy decisions, which are influencing the movement of the currency pair.