- The NZD/USD attracts sellers for the third consecutive day and is pressed for a combination of factors.
- The increase in geopolitical tensions drives the Usd of safe refuge after the Fed hard line pause.
- Betting for more RBNZ rates cuts, uncertainties related to trade and a weaker risk tone undermine NZD.
The NZD/USD pair opens with a modest bearish hole at the beginning of a new week and moves further away from the peak of the year to date, around the level of 0.6100 reached last Monday. Cash prices fall to a new monthly minimum, around the region of 0.5930 during the Asian session, and seem vulnerable to an additional fall amid the risk of risk aversion.
The United States joined Israel in military action against Iran and bombed three nuclear facilities on Sunday. As investors expect Iran’s response to US attacks, concerns about a greater escalation of geopolitical risks in the Middle East affect the global risk of risk. This, in turn, is observed by promoting safe refuge flows to the US dollar (USD) and undermining the demand of the kiwi, risk sensitive.
Meanwhile, the USD received additional support from the Federal Reserve Line (FED) signals last week. In fact, the FED maintained the forecast of two feat cuts in 2025, but cut the perspective of feat cuts in 2026 and 2027. On the other hand, the New Zealand Reserve Bank (RBNZ) is expected to further reduce the indebted costs in the middle of a lower inflation and the winds against economic tariffs.
Even from a technical perspective, the breakdown of last week through the lower limit of a short -term operating range and a closure below the 0.6000 psychological brand suggests that the lower resistance path for the NZD/USD pair is down. This, in turn, supports the possibility of an additional short -term depreciation movement, since operators now expect the publication of the US preliminary PMIs to obtain a new impulse.
American dollar today
The lower table shows the percentage of US dollar change (USD) compared to the main coins today. American dollar was the strongest currency against the Australian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.37% | -0.18% | -0.13% | 0.02% | 0.23% | 0.14% | 0.02% | |
| EUR | 0.37% | 0.16% | 0.29% | 0.40% | 0.55% | 0.51% | 0.35% | |
| GBP | 0.18% | -0.16% | 0.16% | 0.23% | 0.39% | 0.35% | 0.19% | |
| JPY | 0.13% | -0.29% | -0.16% | 0.13% | 0.32% | 0.32% | 0.06% | |
| CAD | -0.02% | -0.40% | -0.23% | -0.13% | 0.24% | 0.11% | -0.04% | |
| Aud | -0.23% | -0.55% | -0.39% | -0.32% | -0.24% | -0.06% | -0.20% | |
| NZD | -0.14% | -0.51% | -0.35% | -0.32% | -0.11% | 0.06% | -0.16% | |
| CHF | -0.02% | -0.35% | -0.19% | -0.06% | 0.04% | 0.20% | 0.16% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the US dollar of the left column and move along the horizontal line to the Japanese yen, the percentage change shown in the box will represent the USD (base)/JPY (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
