NZD/USD weakens to near 0.5750 as traders brace for Fed rate decision – FXStreet

The New Zealand dollar (NZD) is losing ground against the US dollar (USD), with the NZD/USD pair falling to around 0.5750. Traders are preparing for the upcoming Federal Reserve rate decision, which is expected to impact the currency pair. The weakening of the NZD is a result of market uncertainty and anticipation of the Fed’s announcement. Traders are closely monitoring the situation as they anticipate potential market fluctuations following the Fed’s decision.