NZD/USD remains below 0.5900 due to dovish sentiment surrounding the RBNZ – FXStreet

The New Zealand Dollar (NZD) has continued to stay below the 0.5900 level against the US Dollar (USD) due to a cautious sentiment surrounding the Reserve Bank of New Zealand (RBNZ). The central bank’s dovish stance has contributed to the currency pair’s downward trend. Investors are closely monitoring the RBNZ’s monetary policy decisions, which are influencing the NZD/USD exchange rate. As a result, the NZD remains under pressure below the key 0.5900 level.