NZD/USD gains traction above 0.5950 on US-Iran peace deal hopes

NZD/USD rose on hopes of a US-Iran peace deal. The pair’s value will likely fluctuate depending on the release of the US jobs report and the direction of the Federal Reserve’s monetary policy. Furthermore, changes in the price of New Zealand’s main export commodity, dairy products, and the state of the Chinese economy could also impact the NZD value.