NZD/USD Steady Ahead of Trump-Xi Meeting Amid Ongoing Geopolitical Uncertainties

The New Zealand Dollar has stabilized at around 0.5675 against the US dollar as investors await the meeting between US President Donald Trump and Chinese counterpart Xi Jinping.

This upcoming event will have a significant impact on sentiment surrounding antipodean currencies, including the Kiwi.

The US dollar had gained strength in previous days, reaching its highest level since July 29, but it has paused for a breather ahead of the meeting.

Rising expectations of another Federal Reserve rate hike and persistent geopolitical uncertainties are still supporting the buck.

However, the dovish outlook from the Reserve Bank of New Zealand may warrant caution before expecting any meaningful recovery in the NZD/USD pair.