- The NZD/USD pair jumped above 0.6090 showing a 0.95% increase on the day.
- US Initial Jobless Claims for the week ending on June 2 increased to 261K.
- Falling US yields amid dovish bets on the Fed weakened the US Dollar.
The NZD/USD pair experienced a significant surge, surpassing the 0.6090 level and marking a 0.95% increase on the day. This rise was influenced by multiple factors, including the US Initial Jobless Claims for the week ending June 2, which unexpectedly accelerated, fueling dovish expectations towards the upcoming Federal Reserve (Fed) meeting. The USD lost interest on the back of falling US bond yields.
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