The pair remains under pressure as the US Dollar (USD) benefits from safe-haven demand amid geopolitical tensions and renewed expectations of monetary tightening in the United States (US). Uncertainty surrounding the Strait of Hormuz remains at the center of market attention. Until then, developments surrounding negotiations over the Strait of Hormuz and Oil prices are likely to continue influencing the US Dollar and, consequently, NZD/USD. On the New Zealand side, higher energy prices are also complicating the monetary policy outlook. The figures could influence expectations surrounding the Reserve Bank of New Zealand's (RBNZ) next policy decision in September.