- NZD/USD rises nearly 0.5960, because the NZ dollar exceeds its peers after positive national sales data Q1.
- RBA Hauser hopes for resistant demand from China.
- The American dollar will fall among the fears of growing fiscal imbalance in the USA.
The NZD/USD pair increases almost 1% to almost 0.5960 in European commercial hours on Friday. The kiwi pair rises when the dollar of New Zealand (NZD) exceeds its peers on the subject of the Retail Sales Sales Sales (NZ) stronger than New Zealand (NZ).
New Zealand dollar price today
The table below shows a percentage change in the dollar of New Zealand (NZD) compared to the stock exchange main currencies. The dollar of New Zealand was the strongest in relation to the American dollar.
| USD | EUR | GBP | JPy | BOOR | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.54% | -0.55% | -0.40% | -0.29% | -0.78% | -0.96% | -0.29% | |
| EUR | 0.54% | -0.01% | 0.15% | 0.26% | -0.24% | -0.40% | 0.27% | |
| GBP | 0.55% | 0.00% | 0.15% | 0.27% | -0.20% | -0.39% | 0.28% | |
| JPy | 0.40% | -0.15% | -0.15% | 0.14% | -0.37% | -0.54% | 0.14% | |
| BOOR | 0.29% | -0.26% | -0.27% | -0.14% | -0.52% | -0.66% | 0.00% | |
| Aud | 0.78% | 0.24% | 0.20% | 0.37% | 0.52% | -0.16% | 0.52% | |
| NZD | 0.96% | 0.40% | 0.39% | 0.54% | 0.66% | 0.16% | 0.67% | |
| CHF | 0.29% | -0.27% | -0.28% | -0.14% | -0.01% | -0.52% | -0.67% |
The heat map shows percentage changes in the main currencies towards each other. The basic currency is collected from the left, and the quote currency is collected from the upper order. For example, if you choose a New Zealand dollar on the left column and move along the horizontal line to the American dollar, the percentage shift displayed in the field will represent NZD (Base)/USD (quote).
Stats NZ announced that retail sales, a key measure of consumer expenditure, increased by 0.8%, faster than expectations by 0.1%, but slower than 1%boost in the last quarter of 2024. Theoretically mighty retail sales data discourages the Bank of New Zealand (RBNZ). However, it is expected that RBNZ will reduce the official money (OCR) by 25 base points (BPS) to 3.25% at the political meeting next week among increased growth problems.
“Another reduction in the rate of 25 BP by RBNZ on May 28 seems likely. Markets are fully valued, according to previous RBNZ indications, that growth remains a serious problem,” said FX analysts in ING last week.
Another reason for strength in Antipodean is the growing hopes for a mighty business from China in the near future. On Thursday, the deputy governor of the Australian Reserve Bank (RBA), Andrew Hauser, said that Australian exporters “are optimistic about China’s demand resistance.” Considering that the NZ economy is one of the leading business partners of Beijing, signs of mighty demand on the part of the Asian giant strengthen the dollar of Kiwi.
Meanwhile, the significant weakness of the American dollar (USD) on the growing fiscal problems of the United States (USA) also strengthened a pair of kiwi. Investors were worried about the US fiscal health because of the recent project of President Donald Trump, which includes tax reductions and higher expenditure on defense and enforcement of borders. It is expected that the recent account will boost the domestic debt by $ 3.8 billion within a decade.
The American dollar index (DXY), which follows the Greenback value compared to the six main currencies, a decrease to almost two weeks of the lowest level around 99.30.
