NZD/USD jumps above 0.5900 as Iran agrees for another round of talks with US

NZD/USD traded about 0.3% higher above 0.5900 in Asian trade, but stalled near 0.5920 as markets turned mildly risk-on on reports Iran may resume talks with the US. The pair’s strength is reinforced by a stronger-than-expected New Zealand Q1 CPI (0.9% QoQ vs 0.8% consensus; annual 3.1% vs 2.9% expected), which should bolster bets for nearer-term RBNZ tightening. Broader risk sentiment is positive—S&P 500 futures were up ~0.15%—while the US Dollar Index remained around 98.10. Overall, the newsflow is USD-negative/NZD-positive, but near-term resistance caps gains.