New Zealand dollar holds steady, anticipates US Fed Powell's testimony, RBNZ policy decision

The New Zealand dollar to US dollar traded at around 0.6130 in the early Asian session, eyeing US Fed Powell's testimony.

The Reserve Bank of New Zealand is expected to maintain its policy rate at 5.50% on July 10 despite signs of weaker economic activity.

A hawkish RBNZ stance could bolster the New Zealand dollar.