NZD/USD drops to fresh low since April amid hawkish Fed and Iran uncertainty

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The NZD/USD pair drifted lower for the fourth consecutive day, marking the sixth day of a negative move in the previous seven, and dropped to its lowest level since April 8 during the first half of the European session on Monday. The decline came against a bullish US dollar, supported by a hawkish Federal Reserve stance and heightened uncertainty surrounding Iran.

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