NZD/USD recovers from YTD low, shrugs off robust US GDP data

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• NZD/USD rebounds from 0.5773 to 0.5807, despite lack of significant economic data from New Zealand.
• US GDP growth at 4.9% and soaring durable goods orders may lead to another Fed rate hike.
• Geopolitical tensions and upcoming economic releases are crucial in the pair’s dynamics.

NZD/USD bounces off new year-to-date (YTD) lows reached at 0.5773 after US economic growth exceeded estimates, which could warrant additional tightening by the US Federal Reserve (Fed). Nevertheless, the pair made a U-turn and trades at 0.5807, gaining a decent 0.10%.