NZD/USD extends losing streak to 0.5850

Greetings, dear friends! Currently, the NZD/USD trade is lower by approximately 0.5860 during the Asian trading session on Wednesday, extending a losing streak that began on Friday.

It is evident that this currency pair is experiencing pressure due to the stronger US Dollar (USD) as market participants seem to be accepting a lower likelihood of the Federal Reserve (Fed) raising interest rates in their policy meeting in September.

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