- The NZD/USD depreciates due to the growing probabilities of a rate cut of 25 basic points by the RBNZ in the next meeting.
- Investors are still focused on the developments of global trade, with special attention to relations between the US and China.
- The US dollar is strengthened as operators adopt a cautious tone before the publication of the USM manufacturing PMI.
The NZD/USD torque has cut their daily profits and is depreciating, quoting about 0.5920 during the first European session on Thursday. The New Zealand dollar (NZD) faces pressure as the expectations of greater monetary relief by the New Zealand Bank reserve (RBNZ) increase. The markets widely anticipate a rate cut of 25 basic points at the next RBNZ meeting, with projected rates to reach a minimum of 2.75% for October.
Investors continue to evaluate the dynamics of global trade, particularly developments in relations between the US and China. Earlier on Thursday, US President Donald Trump expressed optimism about a possible commercial agreement with China, stating that there is a “very good probability that we reach an agreement.” He stressed that any agreement must align with the interests of the US Trump also referred to possible commercial agreements with India, South Korea and Japan, while indicating that an agreement with Ukraine had been ended earlier in the day.
In an attempt to relieve commercial tensions, China supposedly compiled a list of goods manufactured in the US exempt from its 125%tariffs, although it avoided making public concessions. In addition, China’s central television reported that the US has been interacting with Beijing through several diplomatic channels.
Meanwhile, the dollar also received support from the disappointing US GDP data: The economy contracted 0.3% annualized in the first quarter of 2025, breaking the expectations of a growth of 0.4% and well below the expansion of 2.4% of the anterior quarter.
In the front of inflation, the Personal Consumption Expenditure Index (PCE) increased a 2.6% year -on -year in March, coinciding with forecasts but slightly slower than the 2.8% increase in February. The operators are now observing closely the next publication of the ISM manufacturing PMI to obtain more clues about the direction of the dollar.
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 weakest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.36% | 0.40% | 1.13% | 0.12% | 0.27% | 0.18% | 0.25% | |
| EUR | -0.36% | 0.04% | 0.77% | -0.26% | -0.09% | -0.17% | -0.12% | |
| GBP | -0.40% | -0.04% | 0.71% | -0.27% | -0.13% | -0.22% | -0.16% | |
| JPY | -1.13% | -0.77% | -0.71% | -1.02% | -0.84% | -0.99% | -0.95% | |
| CAD | -0.12% | 0.26% | 0.27% | 1.02% | 0.17% | 0.07% | 0.10% | |
| Aud | -0.27% | 0.09% | 0.13% | 0.84% | -0.17% | -0.09% | -0.03% | |
| NZD | -0.18% | 0.17% | 0.22% | 0.99% | -0.07% | 0.09% | 0.06% | |
| CHF | -0.25% | 0.12% | 0.16% | 0.95% | -0.10% | 0.03% | -0.06% |
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.
