New Zealand Dollar declines to near 0.5700 on hawkish Fed remarks ahead US PMI data

The NZD/USD pair declines to around 0.5710 during the early European trading hours on Wednesday. Hawkish rhetoric from US Federal Reserve (Fed) officials regarding sticky US inflation provides some support to the US Dollar (USD) against the New Zealand Dollar (NZD).

Gold impact rationale

Rising rate-hike or hawkish expectations increase gold's opportunity cost.

• Source: FXStreet news
• 2026-09-23
• rates

Topics: gold news, gold price impact, rates