NZD/USD rises to near 0.6250 due to rising odds of further rate cuts by the Fed – FXStreet

The New Zealand dollar (NZD) has climbed to nearly 0.6250 against the US dollar (USD) as the likelihood of additional interest rate cuts by the Federal Reserve (Fed) rises. This increase in the NZD/USD exchange rate is driven by market expectations of the Fed taking further action to lower interest rates.