- NZD/USD could further lose ground as US Dollar initiates recovery.
- Improved US Treasury yields could underpin the Greenback.
- RBNZ emphasized the need for interest rates to stay higher for an extended duration.
NZD/USD recovered from the four-week low on Wednesday, extending gains on the second successive day. However, the Kiwi pair trims intraday gains, yet, trades higher around 0.5930 during the European session on Thursday. The uplift in the pair could be attributed to the recent correction in the US Dollar (USD).
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