Created
: 2025.05.07
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
NZD/USD corrects below 0.6000 ahead of Fed's monetary policy
World FX news
Breaking news
NZD/USD corrects below 0.6000 ahead of Fed's monetary policy
New
2025.05.07 23:46
2025.05.07 23:46
2025.05.07 23:46
- NZD/USD slides below 0.6000 as the New Zealand Dollar weakens ahead of the Fed's interest rate decision.
- Hopes of de-escalation in the US-China trade war and soft NZ Q1 Labor Cost Index data weigh on the Kiwi Dollar.
- The Fed is widely anticipated to keep interest rates steady.
The NZD/USD pair retraces to near 0.5980 during North American trading hours on Wednesday after revisiting the six-month high of 0.6025 earlier in the day. The Kiwi pair faces pressure after as the New Zealand Dollar (NZD) weakens after investors "buy the rumour and sell the news" of trade discussions between the United-States (US) and China.
New Zealand Dollar PRICE Today
The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 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% | |
| CAD | -0.09% | -0.06% | -0.16% | 0.52% | 0.32% | 0.30% | -0.29% | |
| AUD | -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 map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).
On Tuesday, both Washington and Beijing agreed for a meeting this week in Switzerland. However, the meeting between both the nations is expected to be an initial move to de-escalation in month-long trade war and not any constructive step towards trade negotiation. "My sense is that this will be about de-escalation, not about the big trade deal," US Treasury Secretary Scott Bessent said, according to CNBC.
Additionally, mixed signals from the New Zealand Q1 employment data have also weighed on the Kiwi Dollar. The data showed earlier the day that the Employment Change grew by 0.1%, as expected, after declining by 0.2% in the last quarter of 2024. The Unemployment Rate remained steady at 5.1%, while investors expected the jobless rate to have accelerated to 5.3%. Labor Cost Index grew at a slower-than-expected pace on both monthly and yearly basis.
Soft labor cost data boost expectations that the Reserve Bank of New Zealand (RBNZ) will reduce interest rates in the policy meeting later this month.
Meanwhile, the US Dollar (USD) flattens ahead of the Federal Reserve's (Fed) monetary policy meeting, which will be announced at 18:00 GMT. According to the CME FedWatch tool, the Fed is almost certain to keep borrowing rates steady in the range of 4.25%-4.50%. This would be the third straight policy meeting in which the Fed will leave interest rates unchanged.
New Zealand Dollar FAQs
The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and the country's central bank policy. Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand's biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand's main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD.
The Reserve Bank of New Zealand (RBNZ) aims to achieve and maintain an inflation rate between 1% and 3% over the medium term, with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates. When inflation is too high, the RBNZ will increase interest rates to cool the economy, but the move will also make bond yields higher, increasing investors' appeal to invest in the country and thus boosting NZD. On the contrary, lower interest rates tend to weaken NZD. The so-called rate differential, or how rates in New Zealand are or are expected to be compared to the ones set by the US Federal Reserve, can also play a key role in moving the NZD/USD pair.
Macroeconomic data releases in New Zealand are key to assess the state of the economy and can impact the New Zealand Dollar's (NZD) valuation. A strong economy, based on high economic growth, low unemployment and high confidence is good for NZD. High economic growth attracts foreign investment and may encourage the Reserve Bank of New Zealand to increase interest rates, if this economic strength comes together with elevated inflation. Conversely, if economic data is weak, NZD is likely to depreciate.
The New Zealand Dollar (NZD) tends to strengthen during risk-on periods, or when investors perceive that broader market risks are low and are optimistic about growth. This tends to lead to a more favorable outlook for commodities and so-called 'commodity currencies' such as the Kiwi. Conversely, NZD tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.
Last updated
: 2025.05.07
Related articles
Canadian Dollar lurches higher on upbeat quarterly GDP growth
2025.05.31 05:26USD/CHF Price Forecast: Flat as inflation cools, as US-China tensions rise
2025.05.31 05:11AUD/USD trades sideways as fundamental and technical factors weigh on price action
2025.05.31 05:11EUR/USD holds steady as US PCE softens, trade tensions offset USD weakness
2025.05.31 04:20EUR/JPY falls as Bank of Japan faces pressure to raise rates
2025.05.31 03:32EUR/GBP edges higher as German Retail Sales and Inflation data provide a mixed picture for the ECB
2025.05.31 02:09
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Canadian Dollar lurches higher on upbeat quarterly GDP growth
The Canadian Dollar (CAD) found some room on the top side on Friday, spurred higher by a better-than-expected print in Canadian Gross Domestic Product (GDP) growth figures for the first quarter.
New
2025.05.31 05:26USD/CHF Price Forecast: Flat as inflation cools, as US-China tensions rise
The USD/CHF trades subdued on Friday after a US report showed that inflation is approaching the Federal Reserve's (Fed) 2% goal. Meanwhile, US President Trump complains about the slow negotiations between Beijing and Washington, which have roiled the markets.
New
2025.05.31 05:11AUD/USD trades sideways as fundamental and technical factors weigh on price action
The Australian Dollar (AUD) is consolidating against the US Dollar on Friday as fresh domestic data and monetary policy expectations for the Reserve Bank of Australia (RBA) and the US Federal Reserve (Fed) continue to drive price action.
New
2025.05.31 05:11EUR/USD holds steady as US PCE softens, trade tensions offset USD weakness
The Euro (EUR) remains steady against the US Dollar (USD) on Friday after a softer-than-expected US Personal Consumption Expenditures (PCE) Price Index, which was close to the Federal Reserve's (Fed) 2% goal, lifted the pair from daily lows of 1.1312.
New
2025.05.31 04:20Silver Price Forecast: XAG/USD plummets below $33.00 as Dollar rebounds, weekly losses near 2%
Silver price turned negative on Friday during the North American session, poised to end the week with losses of over 1.80% as the dollar staged a recovery during the day. XAG/USD trades at $32.87, down 1.29%.
New
2025.05.31 04:18EUR/JPY falls as Bank of Japan faces pressure to raise rates
The Euro (EUR) is coming under renewed pressure against the Japanese Yen (JPY) as investors weigh persistent inflation in Japan against soft consumer and inflation data from the Eurozone.
New
2025.05.31 03:32Dow Jones Industrial Average hobbled by renewed China trade tensions
The Dow Jones Industrial Average (DJIA) stumbled on Friday as investors continue to get pummeled with new trade concerns from the White House.
New
2025.05.31 03:17Gold price falls below $3,300 on strong US Dollar as Trump reignites China tensions
Gold price slumped on Friday as the US Dollar recovered some ground despite witnessing a drop in US Treasury bond yields following a strong inflation report, which keeps traders hopeful that the US Federal Reserve (Fed) will ease policy in 2025. XAU/USD trades at $3,289, down 0.83%.
2025.05.31 02:19EUR/GBP edges higher as German Retail Sales and Inflation data provide a mixed picture for the ECB
The Euro (EUR) is firming against the British Pound (GBP) on Friday, with EUR/GBP holding above the 100-day Simple Moving Average (SMA) near 0.8415.
2025.05.31 02:09US exceptionalism wanes as global investors pivot away - Rabobank
The concept of 'US exceptionalism' covers many specific themes. For academics it may have referred to the US's ability to attract bright minds from around the world and generate cutting edge research.
2025.05.31 00:24Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
