The New Zealand dollar rose to around $0.596 on Wednesday after four consecutive sessions of losses, supported by a weaker US dollar. The greenback retreated as investors turned cautious ahead of the US Federal Reserve's policy decision. While the Fed is widely expected to hold interest rates steady, investors will be watching closely for any hints of a potential rate cut in September. On the trade front, the US and China concluded two days of talks described by both sides as “constructive,” agreeing to continue working to extend their 90-day tariff truce. However, Treasury Secretary Scott Bessent noted that any extension would ultimately depend on President Donald Trump, leaving a degree of uncertainty in the outlook. In domestic news, New Zealand’s business confidence improved further in July, but conditions remain challenging for many firms, with forward-looking activity indicators showing little momentum.