NZD/USD gains ground near 0.5820 after recent losses

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• NZD/USD moves upward on the subdued performance of the US Dollar.
• Israel has expanded its ground operations in Gaza; which could affect the Kiwi Dollar.
• The market sentiment leans towards the Fed’s dovish stance on policy rates.

NZD/USD recovers the recent losses, trading near 0.5820 during the Asian session on Monday. The NZD/USD pair gains ground, benefiting from a relatively subdued performance of the US Dollar (USD) following the release of the Core Personal Consumption Expenditures Price Index data from the United States (US) on Friday.