NZD/USD rises to near 0.6150 due to rising odds of a smaller Fed rate cut – FXStreet

The New Zealand Dollar (NZD) has strengthened against the US Dollar (USD), reaching close to 0.6150, as the likelihood of a smaller rate cut by the Federal Reserve (Fed) increases. This rise in the NZD/USD exchange rate reflects market expectations of the Fed possibly implementing a less aggressive rate cut. Investors are closely monitoring the Fed’s monetary policy decisions, which are influencing the movement of the currency pair.