- The New Zealand dollar extends losses in the middle of the feeling of risk aversion, after the new tariff threats of the USA.
- The growing commercial uncertainty is supporting the US dollar and weighing on risk -sensitive assets such as NZD.
- China’s optimistic commercial data relieved the pressure on the Kiwi early on Monday.
The New Zealand dollar is cutting some losses in the first bars of the European session. However, it continues to quote down for the second consecutive day, affected by a risk feeling of risk after the new turn in the Trump tariff saga.
The NZD USD is bouncing from new minimums of three weeks at 0.5975 reached during the Asian session on Monday, but seems unable to return above the round level of 0.6000, which keeps 0.25% below the daily opening levels.
The US president shook the markets during the weekend, announcing 30% tariffs on imports of the European Union and Mexico, superior to tariffs of 20% and 25% announced on April 2, “Liberation Day”, adding uncertainty to global commercial perspectives. Risk sensitive currencies, such as kiwi, are under pressure in the middle of the cautious feeling of the market.
orientation
However, the market reaction has been moderate. The affected countries have refrained from announcing immediate reprisals and remain optimistic about reaching an agreement before the deadline of April 1, which maintains the aversion to the contained risk.
China’s optimistic data are supporting the NZD
In the macroeconomic front, China’s commercial data, the main partner of New Zealand, have provided some support to the NZD. China’s commercial surplus was extended beyond expectations, driven by a strong increase in exports due to a decapalized commercial war with the US.
These figures improve the expectations of the Gross Domestic Product of the Second Quarter of China, which will be published on Tuesday, and could provide some orientation to the NZD, in the absence of new level data from New Zealand this week.
Economic indicator
Commercial balance
The commercial balance published by the General Administration of Customs of the People’s Republic of China It is the difference between exports and imports of goods and services. A positive result indicates a commercial surplus, while a negative reading indicates deficit. It is an event that generates volatility about Yuan. Since the Chinese economy influences the world economy, this indicator impacts the exchange market. In general, a high reading is considered positive or bullish for the CNY, while a lower reading is negative or bassist.
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Last publication:
lun jul 14, 2025 03:00
Frequency:
Monthly
Current:
$ 114.77b
Dear:
$ 109b
Previous:
$ 103.22b
Fountain:
National Bureau of Statistics of China
Economic indicator
Imports (Yoy)
Imports of goods and services, published by National Bureau Statistics of Chinaconsist of transactions of goods and services (sales, barter, gifts or donations) of non-residents to residents.
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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.
