The NZD/USD pair attracted some sellers during Tuesday’s Asian session and dented some of the previous day’s powerful recovery from levels just below the mid-0.5800 level. However, spot prices remain above the 0.5800 level as investors wait for China’s trade balance data to provide some impetus amid continued geopolitical uncertainty.
US President Donald Trump said on Monday that he expected the war with Iran to end quickly. However, Iran’s Islamic Revolutionary Guard Corps (IRGC) dismissed Trump’s remarks as nonsense and warned that regional security will either be available to all or none. This maintains geopolitical risk, which is correcting demand for the safe-haven US dollar (USD) after falling sharply overnight from its highest level in over three months and is proving to be a key factor influencing risk-sensitive Kiwis.
Meanwhile, crude oil prices also regained positive momentum after Monday’s dramatic turnaround from their highest level since June 2022, amid persistent concerns about supply disruptions due to the Strait of Hormuz closure. Investors appear concerned that continued increases in energy prices will reignite inflation and delay interest rate cuts by the U.S. Federal Reserve (Fed). This continues to support elevated US Treasury yields, which is a further benefit to the USD and puts pressure on the NZD/USD pair.
Next up will be the release of China’s trade data, which will impact antipodean currencies, including the kiwi. This week, traders will again look to the latest U.S. inflation data – the Consumer Price Index (CPI) on Wednesday and the Personal Consumer Expenditures (PCE) Price Index on Friday – for significant stimulus. However, the market’s attention will remain focused on events related to the US-Israel-Iran war.
Today’s US dollar price
The table below shows the current percentage change of the United States Dollar (USD) against the major listed currencies. The US dollar was strongest against the New Zealand dollar.
| USD | EUR | GBP | JPY | BOOR | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.13% | 0.01% | 0.02% | 0.07% | 0.05% | 0.20% | -0.03% | |
| EUR | -0.13% | -0.10% | -0.15% | -0.06% | -0.08% | 0.07% | -0.15% | |
| GBP | -0.01% | 0.10% | -0.06% | 0.03% | 0.02% | 0.18% | -0.03% | |
| JPY | -0.02% | 0.15% | 0.06% | 0.06% | 0.05% | 0.20% | -0.01% | |
| BOOR | -0.07% | 0.06% | -0.03% | -0.06% | -0.01% | 0.14% | -0.07% | |
| AUD | -0.05% | 0.08% | -0.02% | -0.05% | 0.01% | 0.14% | -0.08% | |
| NZD | -0.20% | -0.07% | -0.18% | -0.20% | -0.14% | -0.14% | -0.21% | |
| CHF | 0.03% | 0.15% | 0.03% | 0.01% | 0.07% | 0.08% | 0.21% |
The heat map shows the percentage changes of the major currencies relative to each other. The base currency is selected from the left column and the quote currency from the top row. For example, if you select the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
