- The NZD/USD jumps about 0.5750 while the antipodes exceed their peers before the Trump tariffs.
- Donald Trump is expected to announce massive tariff measures for China.
- Trump tariffs will be harmful to the global economy, including USA.
The NZD/USD pair advances about 0.5745 during the European negotiation hours on Wednesday. The Kiwi pair is strengthened while the antipodes exceed their peers despite the firm expectations that they will suffer collateral damage due to the reciprocal tariffs of the United States (USA) that will be announced by President Donald Trump later in the day.
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 Canadian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.09% | -0.16% | -0.15% | 0.08% | -0.49% | -0.76% | 0.05% | |
| EUR | 0.09% | -0.04% | -0.06% | 0.19% | -0.38% | -0.68% | 0.16% | |
| GBP | 0.16% | 0.04% | 0.02% | 0.23% | -0.33% | -0.61% | 0.20% | |
| JPY | 0.15% | 0.06% | -0.02% | 0.21% | -0.37% | -0.65% | 0.17% | |
| CAD | -0.08% | -0.19% | -0.23% | -0.21% | -0.57% | -0.83% | -0.03% | |
| Aud | 0.49% | 0.38% | 0.33% | 0.37% | 0.57% | -0.28% | 0.53% | |
| NZD | 0.76% | 0.68% | 0.61% | 0.65% | 0.83% | 0.28% | 0.82% | |
| CHF | -0.05% | -0.16% | -0.20% | -0.17% | 0.03% | -0.53% | -0.82% |
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).
Market participants expect Trump to impose tariffs elevated to China in addition to the taxes of 20% applied from their return to the White House. The greatest import rights over China will weaken their economic perspective, since China is the largest business partner in the United States.
The impact of Trump’s tariffs will be indirect on the New Zealand dollar (NZD), since the Kiwi economy depends significantly on its exports to the US.
Meanwhile, the US dollar (USD) is negotiated cautiously before the Trump tariffs. Investors expect the new set of Trump tariffs to also impact US economic growth and bring a resurgence of short -term inflationary pressures.
The NZD/USD quotes within the formation of the graphic pattern of ascending triangle in the daily time frame, which suggests indecision among the market participants. The flat edge of the aforementioned graphic pattern is drawn from the maximum of January 24, 0.5795, while the upward edge is placed from the minimum of February of 0.5516.
The 20 -day exponential (EMA) mobile average ranges around 0.5725, indicating a lateral trend.
The 14-day relative force (RSI) index oscillates within the range of 40.00-60.00, indicating a volatility contraction.
An upward movement would appear if the asset breaks the maximum of March 0.5832, which would lead to the round level resistance of 0.5900 and the maximum of November 29, 0.5930.
On the other hand, the Kiwi torque could visit the minimum of 13 years of 0.5470 and decline even more towards the round level of 0.5400 if it breaks below the February minimum of 0.5516.
NZD/USD DIARY GRAPH
Commercial War between the US and China Faqs
In general terms, “Trade War” is a commercial war, an economic conflict between two or more countries due to the extreme protectionism of one of the parties. It implies the creation of commercial barriers, such as tariffs, which are in counterbarreras, increasing import costs and, therefore, the cost of life.
An economic conflict between the United States (USA) and China began in early 2018, when President Donald Trump established commercial barriers against China, claiming unfair commercial practices and theft of intellectual property by the Asian giant. China took retaliation measures, imposing tariffs on multiple American products, such as cars and soybeans. The tensions climbed until the two countries signed the Phase one trade agreement between the US and China in January 2020. The agreement required structural reforms and other changes in China’s economic and commercial regime and intended to restore stability and confidence between the two nations. Coronavirus pandemia diverted the attention of the conflict. However, it is worth mentioning that President Joe Biden, who took office after Trump, kept the tariffs and even added some additional encumbrances.
Donald Trump’s return to the White House as the 47th US president has unleashed a new wave of tensions between the two countries. During the 2024 election campaign, Trump promised to impose 60% tariff particularly in investment, and directly feeding the inflation of the consumer price index.
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.
