The NZD/USD pair strengthens near key support of 0.5600, rebounding after reports of the People's Bank of China (PBoC) reducing reserve ratio requirements and interest rates. The US Dollar weakens as the Federal Reserve (Fed) is expected to adopt a more gradual policy-easing approach. Investors anticipate the US ISM Manufacturing PMI data for December.
NZD/USD holds key support of 0.5600 as the NZD rebounds after PBoC’s dovish guidance on interest rates. The US Dollar declines as the Fed is expected to follow a more gradual policy-easing approach this year. Investors await the US ISM Manufacturing PMI data for December. The NZD/USD pair gains firm-footing near the round-level support of 0.5600 in Friday’s North American session.
NZD/USD weekly chart New Zealand Dollar FAQs What key factors drive the New Zealand Dollar? The New Zealand Dollar , also known as the Kiwi, is a well-known traded currency among investors. 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.
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