- The New Zealand dollar retreated since the agreement between the USA and China failed to convince investors.
- The US dollar shows slight profits before the publication of the US CPI.
- The NZD/USD shows signals that suggest a possible change in trend.
The New Zealand dollar is negotiating approximately 0.35% below Wednesday, with investors slightly disappointed by the lack of news about the commercial agreement between the USA and China, while a weak US dollar, before the publication of the US CPI. UU, is preventing the kiwi from falling more.
The US Secretary of Commerce, Howard Lutnick, concluded the agreement of a “frame” that will reduce tariffs and facilitate restrictions on rare earth trade. However, the reaction of investors has been less than enthusiastic amid doubt about the lack of details of the agreement and concerns about its durability.
The US dollar was appreciated after the news about the agreement, but most of the profits were lost shortly after. Investors are still cautious that the US IPC report could confirm the inflationary impact of Trump’s “Liberation Day” tariffs and increase the fears of stagning.
The NZD is forming a “evening star” formation
The daily graph shows a sailing pattern of “evening star” and a possible double roof in 0.6080, both negative signs that could anticipate a bassist correction after the rebound of May-June.
The torque is now approaching the support of the ascending trend line from the minimum of May 23, at 0.6025, before the line of the aforementioned DT, at 0.6000. A greater decrease below these levels would confirm a change in trend and increase the pressure towards the area of ​​5925, where the 61.8% fibonacci decline is located with the minimums of May 28 and 29.
On the positive side, a rupture of the aforementioned 0.6080 would cancel this vision and clear the way to the maximum of mid -October 2024, in 0.6120.
New Zealander dollar today
The lower table shows the percentage of change of the New Zealand dollar (NZD) compared to the main coins today. New Zealand dollar was the strongest currency against the Australian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.03% | 0.05% | 0.25% | 0.08% | 0.26% | 0.45% | -0.00% | |
| EUR | 0.03% | 0.07% | 0.27% | 0.10% | 0.28% | 0.43% | 0.02% | |
| GBP | -0.05% | -0.07% | 0.18% | 0.06% | 0.23% | 0.37% | -0.06% | |
| JPY | -0.25% | -0.27% | -0.18% | -0.27% | 0.02% | 0.18% | -0.28% | |
| CAD | -0.08% | -0.10% | -0.06% | 0.27% | 0.21% | 0.34% | -0.11% | |
| Aud | -0.26% | -0.28% | -0.23% | -0.02% | -0.21% | 0.15% | -0.27% | |
| NZD | -0.45% | -0.43% | -0.37% | -0.18% | -0.34% | -0.15% | -0.43% | |
| CHF | 0.00% | -0.02% | 0.06% | 0.28% | 0.11% | 0.27% | 0.43% |
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 New Zealand dollar of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the NZD (base)/USD (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.
