The NZD/USD pair pauses its two-day losing streak, trading around 0.5610 during the Asian hours on Monday.
NZD/USD remains stronger despite a cautious mood ahead of President-elect Donald Trump’s inauguration on Monday. Traders adopt caution amid uncertainty surrounding Trump’s policy pledges, including imposing tariffs and extending tax cuts. The PBoC maintained its one- and five-year Loan Prime Rates at 3.10% and 3.60%, respectively. This upside of the pair is attributed to the subdued US Dollar amid cautious market sentiment ahead of President-elect Donald Trump’s inauguration later in the day.
Its value is broadly determined by the health of the New Zealand economy and the country’s central bank policy. Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency.
Majors Macroeconomics Newzealand Tradewar
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