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NZD/USD holds positive ground above 0.5950 ahead of US NFP data

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NZDUSD News

Macroeconomics,Majors

The NZD/USD pair trades in positive territory for the third consecutive day near 0.5965 during the early Asian trading hours on Friday.

NZD/USD gains ground around 0.5965 on softer USD in Friday’s early Asian session. There were 208,000 initial jobless claims in the US for the week ending April 27.

stated there’s a risk that renewed inflation pressures could keep global interest rates high for longer. The NZD/USD pairtrades in positive territory for the third consecutive day near 0.5965 during the early Asian trading hours on Friday. The uptick of the pairis bolsteredby the further selling pressure of the US Dollar . The releases of the US Nonfarm Payrolls andUnemployment Ratefor April will be in the spotlight later on Friday.

 

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