The NZD/USD pair gains momentum, trading near 0.5650 as the US Dollar weakens following Fed Chair Warsh's non-committal remarks regarding the October interest rate path.
NZD/USD rises to near 0.5650 as Fed Chair Warsh gives no hint on October decision, putting selling pressure on the US Dollar.
The New Zealand Dollar climbs to 0.5650 against the US Dollar during Friday's Asian session. The move follows comments from Federal Reserve Chair Kevin Warsh, who refrained from providing specific guidance on the central bank's upcoming October policy decision.
The pair is rising due to selling pressure on the US Dollar after Federal Reserve Chair Kevin Warsh provided no clear signals regarding the Fed's October interest rate decision.