NZD/USD holds above 0.5950 as US recession fears mount – FXStreet

The New Zealand dollar (NZD) remains above 0.5950 against the US dollar (USD) as concerns grow over a possible recession in the United States. The NZD/USD pair is holding steady amidst mounting fears in the market. Investors are closely monitoring the situation as economic indicators point towards a potential downturn in the US economy. The NZD has managed to stay resilient above the 0.5950 level, but market participants are cautious about the future direction of the pair. Traders are advised to keep a close eye on the developments in the US economy as they could have a significant impact on the NZD/USD exchange rate.