New Zealand Dollar weakens as USD holds firm on Iran deal hopes, Fed outlook
NZD/USD trades around 0.5835 on Tuesday at the time of writing, down 0.65% on the day as the New Zealand Dollar (NZD) faces renewed selling pressure against the US Dollar (USD).
  • The New Zealand Dollar weakens against the US Dollar and loses 0.65% on Tuesday.
  • Hopes for a deal between the US and Iran are slightly easing geopolitical tensions, but the Greenback remains supported.
  • Investors are now awaiting the Federal Reserve meeting minutes for fresh clues on the interest rate outlook.

NZD/USD trades around 0.5835 on Tuesday at the time of writing, down 0.65% on the day as the New Zealand Dollar (NZD) faces renewed selling pressure against the US Dollar (USD). Despite encouraging signs surrounding discussions between Washington and Tehran, the Kiwi is failing to benefit from an improvement in market sentiment.

Markets are closely monitoring the latest comments from United States (US) President Donald Trump, who said there is a "very good chance" that a deal with Iran could be reached following what he described as positive progress in negotiations. Trump also stated that he had suspended an immediate military action to allow more room for diplomatic discussions, while maintaining the possibility of a large-scale intervention if no acceptable agreement is reached.

However, investors remain cautious about the prospect of a lasting resolution to tensions. Ongoing disagreements over Iran’s nuclear program and reports of explosions on Iran’s Qeshm Island continue to fuel geopolitical uncertainty, supporting demand for the US Dollar.

Meanwhile, higher Oil prices continue to fuel global inflation expectations and reinforce expectations of a more restrictive monetary policy stance from the Federal Reserve (Fed). Markets have gradually scaled back expectations for monetary easing this year, providing additional support to the Greenback.

In New Zealand, producer inflation data is nevertheless providing potential support for the New Zealand Dollar. The first-quarter Producer Price Index (PPI) Input came in at 1.4% QoQ, above expectations of 0.8%, after contracting by 0.5% in the previous quarter. Rising inflationary pressures at the producer level could strengthen speculation of a more restrictive stance from the Reserve Bank of New Zealand (RBNZ).

Investors are now awaiting the release of the Federal Open Market Committee (FOMC) minutes on Wednesday, which could provide further guidance on the future path of US interest rates.

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 strongest against the Australian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.38% 0.26% 0.14% 0.17% 0.90% 0.68% 0.60%
EUR -0.38% -0.11% -0.22% -0.20% 0.53% 0.33% 0.23%
GBP -0.26% 0.11% -0.09% -0.08% 0.63% 0.45% 0.34%
JPY -0.14% 0.22% 0.09% -0.01% 0.72% 0.53% 0.42%
CAD -0.17% 0.20% 0.08% 0.00% 0.73% 0.52% 0.43%
AUD -0.90% -0.53% -0.63% -0.72% -0.73% -0.18% -0.29%
NZD -0.68% -0.33% -0.45% -0.53% -0.52% 0.18% -0.11%
CHF -0.60% -0.23% -0.34% -0.42% -0.43% 0.29% 0.11%

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).

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실시간 시세

이름 / 기호
차트
% 변동 / 가격
GBPUSD
1일 변동
+0%
0
EURUSD
1일 변동
+0%
0
USDJPY
1일 변동
+0%
0

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