- The NZD/USD strengthens as emotionally improves and US-China trade tensions show the signs of easing.
- Trump has indicated possible trade agreements with India, Japan, and South Korea while announcing optimization about resolving issues in China.
- The US ISM Manufacturing PMI refused 48.7 in April from 49.0, which still contracted but exceeded the expectations of 48.0.
The NZD/USD recovered its losses from the previous session, trading around 0.5930 during Asian time on Friday. The pair boosts as the New Zealand (NZD) dollar (NZD) gets traction amid improvement of emotions and signs of avoiding US-China trade tensions, which has been given close relationship with New Zealand's trade in China.
Bloomberg reports that China is considering the revised trade negotiations, proving the US outreach while emphasizing the need for Washington to address taro-related concerns-the detected cause of existing disputes.
However, the reversal of the NZD/USD pair may remain limited, as the expectations for further reviewing the Reserve Bank of New Zealand (RBNZ) policy will weigh in the New Zealand dollar. The markets are fully priced at a 25-base-point rate cut at the upcoming Central Bank meeting, with interest rates expected to be under 2.75% in October.
Meanwhile, avoiding trade tensions can also provide some US dollar (USD) support. The market sentiment has improved after US President Donald Trump signed potential trade agreements with India, Japan, and South Korea, while expressing optimism about resolving disputes in China.
In front of the data, the US ISM Manufacturing PMI fell to 48.7 in April from 49.0, which was left withdrawal but the hopes of 48.0 expectations. The initial claim of unemployment rose to 241,000 for the week ending on April 26, exceeding the estimation of 224,000 and up from the last week of 223,000.
US Secretary of Treasury Janet Yellen warned that Trump's tariffs could have “severe adverse effects” on the US economy. Treasury Secretary Scott Bestent noted that the reversible yield curve, with two people harvested under the rate of federal funds, supported the case for federal rates.
The investor's sentiment remains careful in advance of the upcoming Nonfarm Payrolls (NFP) report, which may provide an insight into the broader impact of economic tariffs on work trends.
New Zealand's dollar price today
The table below shows the percentage change of the New Zealand dollar (NZD) against the current currencies now. New Zealand's dollar is the strongest against Swiss Franc.
| USD | EUR | Gbp | Jpy | Cad | Aud | Nzd | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.06% | -0.12% | -0.01% | -0.17% | -0.43% | -0.38% | 0.05% | |
| EUR | 0.06% | -0.05% | 0.05% | -0.11% | -0.36% | -0.29% | 0.12% | |
| Gbp | 0.12% | 0.05% | 0.12% | -0.06% | -0.30% | -0.25% | 0.17% | |
| Jpy | 0.01% | -0.05% | -0.12% | -0.15% | -0.41% | -0.37% | 0.08% | |
| Cad | 0.17% | 0.11% | 0.06% | 0.15% | -0.27% | -0.19% | 0.23% | |
| Aud | 0.43% | 0.36% | 0.30% | 0.41% | 0.27% | 0.07% | 0.48% | |
| Nzd | 0.38% | 0.29% | 0.25% | 0.37% | 0.19% | -0.07% | 0.42% | |
| CHF | -0.05% | -0.12% | -0.17% | -0.08% | -0.23% | -0.48% | -0.42% |
The heat map shows the percentage change of basic currencies against each other. The base currency is taken from the left column, while the quote currency is taken from the top row. For example, if you choose the New Zealand dollar from the left column and move along the horizontal line to the US dollar, the percentage change shown in the box represents NZD (Base)/USD (quote).
