The NZD/USD currency pair falls to near 0.5635 amidst concerns over escalating trade tensions under Trump's tariffs and anticipation of another significant rate cut by the Reserve Bank of New Zealand (RBNZ).
NZD/USD weakens to near 0.5635 in Tuesday’s Asian session. Trump raised aluminum and steel tariffs to 25%, from a previous 10%. The RBNZ is expected to deliver a third consecutive supersized rate cut later this month. The NZD/USD pair remains under selling pressure around 0.5635 during the Asian session on Tuesday. The concerns about potential trade war s under US President Donald Trump administration continue to undermine the New Zealand Dollar .
Qs What is the Reserve Bank of New Zealand? The Reserve Bank of New Zealand is the country’s central bank. Its economic objectives are achieving and maintaining price stability – achieved when inflation, measured by the Consumer Price Index , falls within the band of between 1% and 3% – and supporting maximum sustainable employment.
NZD/USD TRADE WAR TARIFFS RESERVE BANK OF NEW ZEALAND INTEREST RATES
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