NZD/USD holds firm near recent highs as China data, risk-on mood support Kiwi

  • The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) on Monday, bouncing back from Friday's dip as broad US Dollar weakness and easing geopolitical jitters lift risk appetite. Traders trimmed safe-haven bets amid growing signs that the Israel-Iran tensions may not spiral into a wider conflict, although both sides continue to signal readiness for retaliation, keeping markets somewhat on edge.