NZD/USD extends its winning streak, trading around 0.5670 during the early European hours on Tuesday.
NZD/USD rises as the US Dollar corrects downwards ahead of ISM Services PMI due later in the day. President-elect Donald Trump stated that his tariff policy will not be scaled back. The New Zealand Dollar received support from the improved China’s Services PMI in December. Traders will likely observe the US ISM Services Purchasing Managers Index scheduled to be released later in the North American session.
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 RBNZ
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NZD/USD Rallies on China's Strong Services PMIThe NZD/USD currency pair rose to around 0.5620 on Monday, driven by stronger-than-expected Chinese services sector data. However, the upside potential is tempered by potential US tariff threats and the hawkish stance of the Federal Reserve.
Read more »
NZD/USD Rises on Caixin China Services PMI Strength, Fed Hawkishness Supports USDThe NZD/USD pair gained momentum on Monday, driven by the positive Caixin China Services PMI data, which signaled the fastest growth in the sector since May 2024. Concurrently, the US Dollar strengthened due to the Federal Reserve's (Fed) hawkish stance on monetary policy, indicating a cautious approach to rate cuts in 2025.
Read more »
NZD/USD hangs near two-week low touched on Monday, holds above 0.5800 markThe NZD/USD pair struggles to capitalize on the previous day's bounce from the vicinity of the 0.5800 mark or a near two-week low and attracts fresh sellers on Tuesday.
Read more »
NZD/USD trades above 0.5800 after rebounding from two-year lowsNZD/USD breaks its two days of losses after reaching a two-year low at 0.5761 on Wednesday, currently trading around 0.5820 during the early European hours on Thursday.
Read more »
NZD/USD strengthens above 0.5750, bullish US Dollar might cap its downsideThe NZD/USD pair gains ground to near 0.5770 during the early Asian session on Friday.
Read more »
NZD/USD holds positive ground above 0.5750 after mixed Chinese dataThe NZD/USD pair attracts some buyers to near 0.5775, snapping the four-day losing streak during the Asian trading hours on Monday.
Read more »