US FX WRAP: Dollar sold to benefit of global peers as Kiwi also sees hawkish RBNZ tailwinds

The dollar has seen selling pressure, benefiting other currencies, notably the Kiwi, which anticipates further hawkish moves from the RBNZ. This likely reflects market sentiment shifting towards higher yields in New Zealand relative to the U.S., which adds upward momentum to the NZD and may influence USD trading strategies as investors adjust to changing rate expectations globally.