The NZD/USD pair trades in positive territory around 0.5670 during the early Asian session on Thursday.
NZD/USD recovers to around 0.5670 in Thursday’s Asian session. Trump tariff threats could weaken the Kiwi in the near term. Chinese officials announced fresh measures to boost long-term funds for equity markets. The New Zealand Dollar edges higher following the announcement about fresh stimulus measures from China and New Zealand. Traders will keep an eye on the US weekly initial Jobless Claims data, which is due later on Thursday.
Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD.
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