Australia Building Permits (MoM) came in at 3.2%, below expectations (4.8%) in May

Jul 2, 2025

NZD/USD extends the rally above 0.6100 as Fed rate cut bets rise

The NZD/USD pair attracts some buyers to around 0.6105 during the early European session on Wednesday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) as the Federal Reserve (Fed) rate cut bets rise.

Australia Building Permits (MoM) came in at 3.2%, below expectations (4.8%) in May

NZD/USD extends the rally above 0.6100 as Fed rate cut bets rise

Australia Building Permits (YoY): 6.5% (May) vs previous 7.6%