NZD/USD remains below 0.6000 as downside risks persist due to dovish mood surrounding RBNZ – FXStreet

The NZD/USD pair continues to stay below the 0.6000 mark as there are ongoing downside risks. This is mainly due to the dovish sentiment surrounding the Reserve Bank of New Zealand (RBNZ). The central bank’s cautious approach is contributing to the downward pressure on the currency pair. Investors are closely monitoring the RBNZ’s statements and actions for any clues about future monetary policy decisions. As a result, the NZD/USD pair remains vulnerable to further declines in the near term.