- The NZD/USD can be seen as the New Zealand dollar rises in the midst of the decrease in commercial tensions between the United States and China.
- The secretary of the US Treasury, Scott Besent, will meet with his Chinese counterparts in London on Monday.
- The latest stronger employment data in the US for May increased the chances of the FED to keep the fees without changes in its June meeting.
The NZD/USD recovered its recent losses registered in the previous session, quoting around 0.6040 during the Asian hours of Monday. The torque can be seen as the US dollar (USD) decreases, potentially due to technical correction.
In addition, the New Zealand dollar (NZD) receives support from the decrease in the tensions of the commercial war between the United States (USA) and China. US President Donald Trump and Chinese President Xi Jinping spoke and agreed on Thursday to resume trade negotiations aimed at ending the commercial war. The US Treasury Secretary, Scott Besent, along with two other Trump administration officials, will meet with their Chinese counterparts in London on Monday.
However, the fall of the US dollar could be limited due to the growing expectations that the Federal Reserve (FED) maintain its reference interest rate without changes in its upcoming two monetary policy meetings. This feeling is driven by US labor market data (USA) for May, which were stronger than expected, published on Friday.
On Monday, Citigroup, however, predicted that the Fed will make a 25 basic points cut in September, October and December. The firm also expects the Central Bank to cut 25 basic points in January and March 2026.
The US non -agricultural payrolls (NFP) registered 139,000 new jobs added in non -agricultural businesses in May, exceeding the 130,000 market consensus. In addition, the unemployment rate remained stable at 4.2% and the average earnings per hour remained unchanged at 3.9%, both readings were stronger than expected by the market.
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 US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.24% | -0.28% | -0.42% | -0.11% | -0.33% | -0.47% | -0.13% | |
| EUR | 0.24% | -0.06% | -0.20% | 0.11% | -0.08% | -0.22% | 0.09% | |
| GBP | 0.28% | 0.06% | -0.06% | 0.18% | -0.01% | -0.18% | 0.16% | |
| JPY | 0.42% | 0.20% | 0.06% | 0.32% | 0.03% | -0.11% | 0.17% | |
| CAD | 0.11% | -0.11% | -0.18% | -0.32% | -0.25% | -0.36% | -0.02% | |
| Aud | 0.33% | 0.08% | 0.00% | -0.03% | 0.25% | -0.16% | 0.17% | |
| NZD | 0.47% | 0.22% | 0.18% | 0.11% | 0.36% | 0.16% | 0.34% | |
| CHF | 0.13% | -0.09% | -0.16% | -0.17% | 0.02% | -0.17% | -0.34% |
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.
