NZD/USD reclaims the 0.5900 area amid the weaker USD

The NZD/USD pair recovers some lost ground and reclaims the 0.5900 mark during the early Asian trading hours on Monday. The absence of economic data on the US economic calendar and declining US Treasury bond yields weighed on the USD, providing support for the NZD/USD pair. The pair currently trades near 0.59265, gaining 0.31% on the day.

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