- NZD/USD slides less than 0.6000 if the new -Sea Dollar weakens before the Fed interest rate decision.
- The hopes of escalation in the US-China Trade War and the NZ Q1 labor costs index data are weighing the kiwi dollar.
- Fed is widely expected to survive interest rates.
The NZD/USD couple will reach close to 0.5980 after the six-month highest level 0.6025 earlier at the North American Trading Lessons on Wednesday. The Kiwi couple faces pressure after the New Zealand dollar (NZD) weakens after investors “buy rumors and sell news” on connected State (USA) and Chinese trade discussions.
New -Sea Dollar Price Today
The table below shows the new -Sea Dollar (NZD) percentage of the main currencies listed today. The new -Sea Dollar was the strongest of Japanese yen.
| Dollar | EUR | Gbp | Jpy | Kadi | Audio | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| Dollar | 0.02% | -0.05% | 0.60% | 0.09% | 0.40% | 0.39% | -0.20% | |
| EUR | -0.02% | -0.08% | 0.60% | 0.06% | 0.38% | 0.36% | -0.22% | |
| Gbp | 0.05% | 0.08% | 0.63% | 0.16% | 0.45% | 0.43% | -0.15% | |
| Jpy | -0.60% | -0.60% | -0.63% | -0.52% | -0.21% | -0.17% | -0.77% | |
| Kadi | -0.09% | -0.06% | -0.16% | 0.52% | 0.32% | 0.30% | -0.29% | |
| Audio | -0.40% | -0.38% | -0.45% | 0.21% | -0.32% | -0.01% | -0.62% | |
| Nzd | -0.39% | -0.36% | -0.43% | 0.17% | -0.30% | 0.01% | -0.59% | |
| Chf | 0.20% | 0.22% | 0.15% | 0.77% | 0.29% | 0.62% | 0.59% |
The heat card shows the percentage of the main currencies relative to each other. The basic currency is selected from the left column, but the quote currency is selected from the upper row. For example, if you choose a new -sea dollar from the left column and move the horizontal line to the US dollar, the percentage change in the box marks the NZD (base)/USD (quote).
On Tuesday, both Washington and Beijing agreed to take place in Switzerland this week. However, the meeting of both countries is an initial movement in the censo in the trade war, not a constructive step towards trade negotiations. “My idea is that it concerns escalation, not a major trade transaction,” said US Treasury secretary Scott Besent CNBC.
In addition, Kiwi has also considered mixed signals of employment data for the new -Seamemaa Q1. Data showed earlier as the change in employment increased, as thought, after the fall of 0.2%in the last quarter of 2024. The unemployment rate remained uniform at 5.1%, while investors expected the unemployed rate to accelerate to 5.3%. The labor costs index increased more slowly than expected both monthly and every year.
Soft labor expenditure data increases expectations that the new -Sea Reserve Bank (RBNZ) will reduce the interest rates of the policy meeting at the end of this month.
Meanwhile, a flat US dollar (USD) before the Federal Reserve (Fed) Monetary Policy meeting announced at 18:00 GMT. According to the CME Fedwatch tool, Fed is almost sure that the loan rates are permanently between 4.25%-4.50%. This would be a third straight policy meeting where Fed leaves interest rates unchanged.
New -Seamand Dollar Fuck
The New Zealand dollar (NZD), also known as kiwi, is a known currency among investors. Its value is widely determined by the new -Sea Economic Health and the National Central Bank policy. However, there are some unique features that can also move in NZD. The performance of the Chinese economy tends to move Kiivi because China is the new trading partner of the new -sea. The bad news of the Chinese economy is likely to mean less new -sea export country, hit the economy and thus its currency. Another NZD moving factor is dairy prices because the dairy industry is the new export of the sea. High milk prices increase export revenue, helping positively the economy and thus the NZD.
The aim of the New Zealand Reserve Bank (RBNZ) is to achieve and maintain the inflation rate between 1 and 3% in the middle length, focusing on it near the center. For this purpose, the bank sets the level of interest rates. If inflation is too high, RBNZ increases interest rates for economic cooling, but moving will also make the bond higher, increasing the call for investors to invest and thus increase NZDs. On the contrary, lower interest rates tend to weaken NZD. The so-called speed differential or how New Zealand is or expected to be compared to the US Federal Reserve, can also play a key role in moving the NZD/USD pair.
The new macroeconomic data publications of the new -Sea land are key to assessing the state of the economy and may affect the evaluation of the new -Sea Dollar (NZD). A strong economy based on high economic growth, low unemployment and high trust is useful for NZD. High economic growth attracts foreign investment and can encourage the new -Sea Reserve Bank to increase interest rates if this economic strength is accompanied by increased inflation. On the contrary, if economic data is weak, the NZD is likely to be depreciated.
The New Zealand dollar (NZD) tends to strengthen during risk periods or when investors perceive that wider market risks are low and are optimistic about growth. It tends to bring the raw material and the so -called commodity, such as a more favorable prospect of kiwi. On the other hand, NZD tends to weaken during market murmur or economic uncertainty because investors tend to sell higher -risk assets and flee from more stable safe evils.
