NZD/USD extended losses for the second successive session, trading around 0.6140 during the European hours on Wednesday.
NZD/USD extends losses as Fed’s Neel Kashkari stated that a rate hike might still be possible. The higher US Treasury yields contributed support for the US Dollar. ANZ Business Confidence Index fell to 11.2 in May, marking the lowest reading since last September.
On Wednesday, the Fed's Beige Book will be released, providing an overview of the current US economic situation based on interviews with key business contacts, economists, market experts, and other sources from the 12 Federal Reserve Districts. On Kiwi’s front, the ANZ Business Confidence Index fell to 11.2 in May from the previous reading of 14.9, marking the fourth consecutive month of decline and the lowest reading since last September.
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