• NZD/USD strengthens when Deputy Prime Minister China Ding Xuexiang announces this year’s plans for more proactive macroeconomic policies.
• The 25% of President Trump’s tariff causes concerns about a broader trade war, potentially affecting the economic growth in the USA.
• The American Dollar fights with the decline in the Treasury, and the 2-year and 10-year profitability is 4.01% and 4.37%, respectively.

NZD/USD trades around 0.5,740 in European hours on Thursday, returning after losses in the previous session. The couple gains when the dollar of New Zealand (NZD) strengthens, probably driven by the comments of the Chinese deputy prime minister Ding Xuexiang, who said that China will implement a more proactive macroeconomic policy this year. Considering close trade connections between China and New Zealand, all economic changes in China can significantly affect New Zealand’s markets.

Deputy Prime Minister China Ding also emphasized China’s involvement in supporting the growth of the private sector, dealing with fears of foreign enterprises and encouraging foreign investment. These statements ensured a summary of risk moods, bringing the benefits of NZD.

In addition, the US dollar (USD) withdraws after US President Donald Trump announced a 25% tariff for imported cars and lightweight trucks that entered into force on April 2. This movement, along with other planned mutual tariffs, raised concerns about a broader trade war that could have economic growth.

The American dollar index (DXY), which measures the American dollar (USD) compared to six main currencies, withdraws from recent profits and trades around 104.40. Greenback faces additional pressure when it gives a decrease in the Treasury, with 2-year and 10-year profitability of 4.01% and 4.37%, respectively.

Market participants are now awaiting key economic data in the USA planned to this day, including weekly initial unemployed claims and final annual report of the gross domestic product (GDP). In addition, the Friday report of expenses for personal consumption (PCE) – the preferred means of inflation of the federal reserve – will offer further insight into the prospect of central bank policy.