The NZD/USD pair recovers some lost ground to around 0.5660, snapping the three-day losing streak during the early Asian session on Thursday.
NZD/USD rebounds to near 0.5660 in Thursday's early Asian session. Fed left the policy rate steady on Wednesday.
’s Conway painted a dim picture of the country's economic outlook, citing weak productivity, investment and trade. The US Dollar retreats from the weekly high of 108.30 as investors await tariff certainty from US President Donald Trump. The US Federal Reserve decided to hold interest rates steady in the current 4.25%-4.50% range at its January meeting on Wednesday.
is anticipated to deliver another 50 basis points reduction on February 19, adding to the two delivered earlier in the cycle. 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.
impact the New Zealand Dollar? The Reserve Bank of New Zealand aims to achieve and maintain an inflation rate between 1% and 3% over the medium term, with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates. When inflation is too high, the will increase interest rates to cool the economy, but the move will also make bond yields higher, increasing investors’ appeal to invest in the country and thus boosting NZD. On the contrary, lower interest rates tend to weaken NZD. The so-called rate differential, or how rates in New Zealand are or are expected to be compared to the ones set by the US Federal Reserve, can also play a key role in moving the NZD/USD pair.
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