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New Zealand Dollar slides toward its range floor as US yields climb

The bottom of NZD/USD's range since April is about 0.5600, and the pair is back in the lower part of it.

The bottom of NZD/USD's range since April is about 0.5600, and the pair is back in the lower part of it.

It is trading just under 0.5700, its lowest since early July, which is about where it was before the Reserve Bank of New Zealand (RBNZ) began raising rates on July 8.

Market commentary only, not advice. 52 words on the desk. Trading involves risk. Headline credited to FXStreet.

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