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New Zealand Dollar gains despite hawkish Fed tone, Middle East tensions

NZD/USD halts its three-day losing streak, trading around 0.5660 during the European hours on Monday.

NZD/USD halts its three-day losing streak, trading around 0.5660 during the European hours on Monday.

However, the currency pair faces potential downside pressure as the US Dollar (USD) gains strength from hawkish comments made by Federal Reserve (Fed) officials.

Market commentary only, not advice. 39 words on the desk. Trading involves risk. Headline credited to FXStreet.

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