NZD/USD continues its losing streak for the third consecutive day, trading around 0.5870 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) gains ground on increased safe-haven demand amid rising uncertainty surrounding Middle East peace talks. Market expectations remain divided over the central bank's rate trajectory following its decision to hold rates steady in July. Markets remain set on a September rate hike from the Reserve Bank of New Zealand as policymakers signal further tightening to withdraw monetary stimulus and keep inflation contained. On the political front, Prime Minister Christopher Luxon survived a second leadership challenge in four months.