- NZD/USD reaches a new maximum of six and a half months about 0.6030 before the RBNZ policy meeting on Wednesday.
- The RBNZ is expected to reduce its official cash (OCR) rate at 25 bp to 3.25%.
- US President Trump suspends 50% tariffs to the EU until July 9.
The NZD/USD PAR publishes a new maximum of six and a half months about 0.6030 against the US dollar (USD) at the beginning of the week. The Kiwi pair is strengthened as the New Zealand dollar (NZD) exceeds most currencies before the decision on the interest rate of the New Zealand Reserve Bank (RBNZ), which will be announced on Wednesday.
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 Japanese yen.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.11% | -0.24% | 0.26% | -0.05% | -0.24% | -0.46% | 0.15% | |
| EUR | 0.11% | -0.13% | 0.44% | 0.06% | -0.12% | -0.34% | 0.27% | |
| GBP | 0.24% | 0.13% | 0.23% | 0.19% | 0.00% | -0.22% | 0.41% | |
| JPY | -0.26% | -0.44% | -0.23% | -0.33% | -0.53% | -0.80% | -0.14% | |
| CAD | 0.05% | -0.06% | -0.19% | 0.33% | -0.17% | -0.40% | 0.22% | |
| Aud | 0.24% | 0.12% | -0.01% | 0.53% | 0.17% | -0.27% | 0.41% | |
| NZD | 0.46% | 0.34% | 0.22% | 0.80% | 0.40% | 0.27% | 0.63% | |
| CHF | -0.15% | -0.27% | -0.41% | 0.14% | -0.22% | -0.41% | -0.63% |
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).
The RBNZ is expected to reduce interest rates at 25 basic points (PB) up to 3.25%. This would be the sixth consecutive reduction of rates by the RBNZ in its current monetary expansion cycle, which began at the August policy meeting last year.
Meanwhile, the low performance of the US dollar (USD) has also strengthened the Kiwi pair. The US dollar recovers most of its initial losses during the day. Even so, the American dollar index (DXY) is quoted slightly down around 99.00.
The US dollar has been at a disadvantage since the concerns about its safe refuge status have been renewed after the US president Donald Trump suspended his decision to impose 50% tariffs on the European Union (EU) until July 9, which threatened Friday.
The NZD/USD strives to break the upward flag formation. Historically, the graphic pattern resumes its strong recovery after a rupture of consolidation. The short -term trend of the torque is bullish since the 20 -day exponential mobile average (EMA) is inclined to rise around 0.5925.
The 14 -day relative force (RSI) index breaks above 60.00. The bulls would go into action if the RSI is maintained above the level of 60.00.
The Kiwi torque is expected to rise towards the minimum of September 11, 0.6100 and the maximum of October 9, 0.6145 after breaking above the maximum intradica around 0.6030.
In an alternative scenario, a downward movement below the minimum of May 12, 0.5846 will expose it to the round level of 0.5800, followed by the maximum of April 10, 0.5767.
GRAPH DIARY NZD/USD
Economic indicator
RBNZ interest rates
He New Zealand Reserve Bank (RBNZ) announces your decision on the interest rate after your seven policy meetings scheduled annually. If the RBNZ adopts a hard line posture and sees that inflationary pressures are increasing, it raises the official cash (OCR) rate to reduce inflation. This is positive for the New Zealand dollar (NZD) since higher interest rates attract greater capital tickets. Similarly, if it concludes that inflation is too low, it reduces the OCR, which tends to weaken the NZD.
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Next publication:
MIÉ MAY 28, 2025 02:00
Frequency:
Irregular
Dear:
3.25%
Previous:
3.5%
Fountain:
Reserve Bank of New Zealand
The New Zealand Bank Reserve (RBNZ) celebrates monetary policy meetings seven times a year, announcing its decision on interest rates and economic evaluations that influenced their decision. The Central Bank offers clues about economic perspectives and the future path of politics, which are of high relevance for the assessment of the NZD. Positive economic developments and an optimistic perspective could lead the RBNZ to harden policy by increasing interest rates, which tends to be bullish for the NZD. Policy ads are usually followed by the press conference of interim governor Christian Hawkesby.
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.
