- NZD/USD meets with some supply and stalls a four-day winning streak to the monthly peak.
- The Fed’s hawkish outlook, along with a softer risk tone, benefits the USD and exerts pressure.
- Investors now look to Fed Chair Jerome Powell’s testimony for a fresh impetus later this week.
The NZD/USD pair attracts some sellers near the 0.6235 region on Monday and extends its steady intraday descent through the Asian session, snapping a four-day winning streak. Spot prices retreat further from the monthly peak touched on Friday and drop to the 0.6200 round-figure mark, or a fresh daily low in the last hour.
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