NZD/USD drops to 0.6140 following New Zealand employment data, US rating cut

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• NZD/USD attracts some sellers, currently trades around 0.6142, losing 0.12% for the day.
• Fitch downgraded the United States government’s credit rating from AAA to AA+.
• The New Zealand Unemployment Rate for Q2 came in at 3.6%, versus a consensus of 3.5% and 3.4% prior.
• Investors will focus on the US rating cut headline and US ADP employment data.

The NZD/USD pair extends its downside and edges lower to the 0.6140 mark during the early Asian session on Wednesday. The pair faces some pressure following the New Zealand employment data for Q2 and the headlines surrounding the US rating cut.