New Zealand Dollar declines against US Dollar despite hopes of US-Iran deal

New Zealand Dollar Price Today

The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the weakest against the US Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.12%	0.13%	0.06%	0.04%	0.38%	0.30%	0.14%
EUR	-0.12%		0.02%	-0.04%	-0.07%	0.29%	0.20%	0.03%
GBP	-0.13%	-0.02%		-0.06%	-0.09%	0.24%	0.19%	0.00%
JPY	-0.06%	0.04%	0.06%		-0.04%	0.30%	0.24%	0.06%
CAD	-0.04%	0.07%	0.09%	0.04%		0.34%	0.27%	0.10%
AUD	-0.38%	-0.29%	-0.24%	-0.30%	-0.34%		-0.06%	-0.24%
NZD	-0.30%	-0.20%	-0.19%	-0.24%	-0.27%	0.06%		-0.18%
CHF	-0.14%	-0.03%	-0.01%	-0.06%	-0.10%	0.24%	0.18%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).

As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.15% higher to near 99.10.

On late Monday, US President Trump said that he delayed planned strikes on Iran after a “very positive development” in talks and that there was “a very good chance” they could reach a deal, The Guardian reported.

This came after he announced that planned attacks on Iran have been delayed, following requests from Saudi Arabia, Qatar, UAE and some others.

The US Dollar regains strength after a sharp correction the previous day, as oil prices remain broadly higher. Rising oil prices are keeping global inflation expectations elevated and have forced traders to price out the possibility of interest rate cuts by the Federal Reserve (Fed) for the year.

For more cues on the Fed’s monetary policy outlook, investors await Federal Open Market Committee (FOMC) minutes of the April policy meeting, which will be released on Wednesday.

In New Zealand (NZ), the Q1 Producer Price Index (PPI) – Input has come in significantly higher at 1.4% against 0.8% estimates after contracting by 0.5% in the last quarter of 2025. Rising inflation at the producer level will likely boost the hopes an interest rate hike by the Reserve Bank of New Zealand (RBNZ) in the near term.

Economic Indicator

FOMC Minutes

FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.

Why it matters to traders?

Minutes of the Federal Open Market Committee (FOMC) is usually published three weeks after the day of the policy decision. Investors look for clues regarding the policy outlook in this publication alongside the vote split. A bullish tone is likely to provide a boost to the greenback while a dovish stance is seen as USD-negative. It needs to be noted that the market reaction to FOMC Minutes could be delayed as news outlets don’t have access to the publication before the release, unlike the FOMC’s Policy Statement.