- The US dollar is strengthening in the midst of growing optimism on improving American-Chinese commercial relations.
- President Trump underlined the progress of talks and confirmed recent communication with Chinese President Xi Jinping.
- The New Zealand dollar remains under pressure due to mixed signals from China, despite Trump's insurance of continuous negotiations.
NZD / USD traces its recent gains from the previous session, negotiating around 0.5960 during Asian hours on Tuesday. The US dollar (USD) finds support as optimism increases on the softening of American and Chinese trade tensions. US President Donald Trump reported the opening of the return prices in China, while Beijing has given exemptions on certain American imports – huts that have aroused hopes for the resolution of the prolonged trade conflict between the two largest economies in the world.
President Trump highlighted the progress of the discussions and confirmed communication with Chinese President Xi Jinping. The Wall Street Journal reported that Trump was aimed at alleviating the impact of automotive rates by preventing overlapping rights over foreign vehicles and the drop in levies from imported car parts.
However, the New Zealand dollar (NZD) is under pressure following contradictory signals from China. Despite Trump's statements on current trade negotiations, a spokesperson for the Chinese embassy has firmly denied such talks, declaring: “China and the United States have no consultation or negotiations on prices” and called Washington to avoid creating a new confusion. The American secretary of the Treasury, Bessent, strengthened this position, claiming that it is up to China to take measures towards de-escalation, contradicting Trump's previous indication that the United States would facilitate the prices first.
At the national level, the NZD is increased by low data on the labor market, which has strengthened the expectations that the New Zealand reserve bank (RBNZ) will reduce the interest rates of 25 base next month, with market prices in a probability of 90%. In addition, the Minister of Finance, Nicola Willis, announced that reference expenses in the 2025 budget will be reduced due to the deterioration of economic conditions.
New Zealand dollar price today
The table below shows the percentage of variation in the New Zealand dollar (NZD) compared to the main currencies listed today. The New Zealand dollar was the lowest compared to the US dollar.
| USD | Eur | GBP | Jpy | Goujat | Aud | Nzd | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.28% | 0.21% | 0.28% | 0.25% | 0.21% | 0.38% | 0.43% | |
| Eur | -0.28% | -0.05% | 0.02% | -0.02% | -0.05% | 0.11% | 0.16% | |
| GBP | -0.21% | 0.05% | 0.06% | 0.04% | 0.02% | 0.17% | 0.21% | |
| Jpy | -0.28% | -0.02% | -0.06% | -0.04% | -0.06% | 0.04% | 0.16% | |
| Goujat | -0.25% | 0.02% | -0.04% | 0.04% | -0.03% | 0.13% | 0.19% | |
| Aud | -0.21% | 0.05% | -0.02% | 0.06% | 0.03% | 0.16% | 0.21% | |
| Nzd | -0.38% | -0.11% | -0.17% | -0.04% | -0.13% | -0.16% | 0.05% | |
| CHF | -0.43% | -0.16% | -0.21% | -0.16% | -0.19% | -0.21% | -0.05% |
The thermal map shows the percentage of variations in the main currencies against each other. The basic currency is chosen in the left column, while the quotes motto is chosen in the upper row. For example, if you choose the New Zealand dollar in the left column and go along the horizontal line to the US dollar, the percentage of variation displayed in the box will represent NZD (base) / USD (quote).
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