NZD/USD pressured amid subdued conditions, below 0.6000

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• China’s measures to boost its property market initially lifted investor sentiment.
• Traders price in a less aggressive Federal Reserve; first-rate cut expected in May.
• The upcoming week features sparse New Zealand economic data but includes the RBA monetary policy meeting.

The New Zealand Dollar (NZD) losses some traction against the Greenback (USD) on thin liquidity conditions due to the observance of Labor Day in the United States (US). Even though China’s measures to boost its economy and a risk-on impulse, the pair is under stress after hitting a daily high of 0.5961. The NZD/USD is trading at 0.5935, down 0.04%.