NZD/USD remains under selling pressure below 0.6000 on rising RBNZ rate cut bets – FXStreet

The New Zealand Dollar (NZD) is facing continued selling pressure against the US Dollar (USD), staying below the key level of 0.6000. This downward trend is being driven by increasing expectations of a rate cut by the Reserve Bank of New Zealand (RBNZ). Traders are betting on the possibility of the RBNZ lowering interest rates in the near future, which is weighing on the NZD/USD pair. The currency pair remains under pressure as a result.