Created
: 2025.10.31












2025.10.31 02:47
NZD/USD trades around 0.5740 on Thursday at the time of writing, down 0.37% on the day, after briefly approaching a key resistance area at 0.5800 on Wednesday. The New Zealand Dollar (NZD) retreats despite a relatively firm tone in the medium term, supported by signs of improving economic confidence in New Zealand.
The October ANZ Business Outlook survey showed a notable rebound in sentiment, with Business Confidence rising to 58.1, its highest level in eight months, from 49.6 in September. Activity Outlook also reached a six-month high at 44.6, while Past Activity, a good proxy for Gross Domestic Product (GDP) growth, held steady at 5. These figures confirm that "green shoots are emerging," BBH analysts noted.
However, the Reserve Bank of New Zealand (RBNZ) remains on track to ease policy further. Markets assign a 90% probability of a 25-basis-point rate cut to 2.25% at the November 26 meeting, according to BBH. Policymakers have emphasized that underlying inflation is now within the 1%-3% target band, allowing room for additional monetary accommodation.
The New Zealand Dollar continues to face headwinds from a stronger US Dollar (USD), buoyed by renewed optimism following the trade truce between Washington and Beijing and by the Federal Reserve's (Fed) cautious but firm tone.
Market focus now turns to the release of the New Zealand ANZ Roy Morgan Consumer Confidence Index for October later in the day, which could influence near-term monetary policy expectations.
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 | 0.32% | 0.31% | 0.88% | 0.31% | 0.31% | 0.35% | 0.29% | |
| EUR | -0.32% | -0.01% | 0.59% | -0.01% | -0.01% | 0.03% | -0.03% | |
| GBP | -0.31% | 0.01% | 0.59% | -0.00% | 0.00% | 0.03% | -0.03% | |
| JPY | -0.88% | -0.59% | -0.59% | -0.59% | -0.59% | -0.58% | -0.65% | |
| CAD | -0.31% | 0.00% | 0.00% | 0.59% | 0.01% | 0.03% | -0.03% | |
| AUD | -0.31% | 0.01% | 0.00% | 0.59% | -0.01% | 0.03% | -0.01% | |
| NZD | -0.35% | -0.03% | -0.03% | 0.58% | -0.03% | -0.03% | -0.04% | |
| CHF | -0.29% | 0.03% | 0.03% | 0.65% | 0.03% | 0.00% | 0.04% |
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).
![]()
Created
: 2025.10.31
![]()
Last updated
: 2025.10.31
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.
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].
Disclaimer:
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