NZD/USD remains under pressure above 0.5800, US data eyed

The NZD/USD pair trades in negative territory for the fifth consecutive day during the Asian trading hours on Monday. The escalating geopolitical tens

NZD/USD loses ground around 0.5821 amid the escalating geopolitical tensions in the Middle East. Fed Chair Jerome Powell and other officials expressed a desire to hold rates unless inflation rises. the New Zealand Trade Balance came in at $-15.33B YoY in September versus $-15.52B prior. ions in the Middle East exert some selling pressure on riskier assets like the New Zealand Dollar . The pair currently trades around 0.5821, losing 0.15% on the day.

52B prior. Exports eased to $4.87B during the said month versus $4.97B prior whereas Imports dropped to $7.20B compared to $7.24B in previous readings, Statistics New Zealand reported. In the absence of economic data released from New Zealand’s docket this week, the NZD/USD pair remains at the mercy of USD price dynamics.

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