The post New Zealand Dollar gathers strength above 0.5900 ahead of US jobs data appeared on BitcoinEthereumNews.com.

The NZD/USD pair gathers strength to near 0.5910 during the Asian trading hours on Friday. The potential upside might be limited amid the ongoing conflict in the Middle East. The US employment report for February will be the highlight later on Friday.  Iran has retaliated by firing missiles and drones across the Gulf region, striking oil facilities and US assets in several countries. The conflict has spilled over into neighboring countries, the United Arab Emirates, Bahrain, Qatar, Lebanon and Kuwait. US President Donald Trump said that Iranian officials reached out to him in an attempt to reach an agreement to end the war, but he insisted it was too late and that the US is pushing to completely destroy Iran.  Signs of a prolonged conflict in the Middle East trigger a “flight to safety,” which could boost the US Dollar and create a headwind for the pair.  Furthermore, a dovish tone from the Reserve Bank of New Zealand (RBNZ) could undermine the Kiwi. The New Zealand central bank held rates steady at its February meeting and signaled an accommodative stance, with markets pricing in a low probability of hikes until late 2026. Traders will take more cues from the US February employment data on Friday. This report could offer some clues about the interest rate path. Analysts expect to see 59,000 jobs added in the US economy in February, while the Unemployment Rate is projected to hold steady at 4.3% during the same period. In case of weaker-than-expected outcomes, this could drag the Greenback lower against the New Zealand Dollar (NZD).  New Zealand Dollar FAQs The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and the country’s central bank policy.…

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Filed under: News - @ March 6, 2026 3:16 am