NZD/USD Price Forecast: Slumps below 0.5950 as antipodeans underperform

  • The NZD/USD pair trades almost 0.4% lower to near 0.5940 during the European trading session on Tuesday. The Kiwi pair declines as both antipodeans: the New Zealand Dollar (NZD) and the Australian Dollar (AUD) are underperforming their peers amid growing expectations that central banks from both economies will reduce interest rates in their August monetary policy meeting.