NZD/USD drops to near 0.5700 as traders expect RBNZ to deliver a bumper rate cut
NZD/USD faces challenges as the US Dollar strengthens amid rising Treasury yields. Fed Governor Michelle Bowman warned that upside inflation risks persist, stressing the need for more clarity before considering rate cuts. The RBNZ is expected to cut its Official Cash Rate by 50 basis points, bringing it down to 3.75%, at Wednesday’s meeting. NZD/USD … Read more