This is because there’s an expectation of a global recession caused by high inflation and aggressive monetary tightening. In such a scenario, commodities prices generally fall and NZD, being a commodity linked currency, suffer losses. In the chart below you can see that the pair has been in a downtrend for several months and it’s expected to keep falling for some others. Another thing to remember is that the USD is considered a safe haven currency.
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NZD/USD is very similar to AUD/USD and thus the same trading guidelines apply to kiwi as well. It can be a very good pair to trade when you have a monetary policy divergence between the two central banks backing the currencies, the Reserve Bank of New Zealand (RBNZ) for the NZD and the Federal Reserve (the Fed) for the USD. With this interactive tool, you can review the price of NZD/USD, analyze rate trends in real time, track the NZD/USD pair exchange rate in historic terms, and build your trading strategy to trade NZD/USD with leverage on PrimeXBT. The best way to trade currencies in general is to have a fundamental idea for direction, which is generally based on macroeconomics such as central bank’s monetary policy, growth, inflation and so on, and technical analysis for risk management. For example, let’s say that you view the global slowdown and aggressive Fed as a tailwind for the USD in general.
Hence, Trump wants to focus on these three nations when imposing tariffs. He also plans to use the revenue generated through tariffs to lower personal income taxes. Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along with trade barriers and import quotas.
Though the New Zealand Dollar (NZD) is down against the US Dollar, its outlook is improving as the US-China trade truce will have an indirect support for the Kiwi economy. Meanwhile, growing expectations that the Reserve Bank of New Zealand (RBNZ) will cut interest rates further could limit the NZD’s upside. In a joint statement, the US and China have announced a 90-day pause on tariffs and lowered them by 115%. The truce between the world’s binance canada review two largest powerhouses is expected to diminish elevated US consumer inflation expectations. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate.
This means that in times of risk aversion in the market, the USD tends to appreciate against the NZD even if there’s no monetary policy divergence between the two central banks. Gold prices pared some of their early-week losses and hovered near $3,250 on Tuesday afternoon, supported by a cautious market tone and softer-than-expected US April CPI data, which helped XAU/USD stabilise. Create a chart for any currency pair in the world to see their currency history. These currency charts use live mid-market rates, are easy to use, and are very reliable. NZD/USD as many other major pairs has a correlation with global growth. For the Dollar Smile Theory, the USD appreciates both when there’s a synchronised global slowdown and when the US economy outperforms its peers.
Finally, you can use the broker trading platform to execute your trades. Most retail brokers let you also trade on MetaTrader 4 or MetaTrader 5, which are two of the most famous and popular trading platforms among retail traders. Most retail brokers offer CFD trading for Forex, although you can also trade NZD/USD via other derivatives like futures or options that trade on exchanges but are more expensive than CFDs.
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The candlestick chart shows you instantly and in real time where the price has opened, closed and how much up and down it went on any given timeframe. Markets roared back to life as the US and China hit pause on their escalating trade war, with both sides emphasizing mutual respect and dignity. But it wasn’t the fine print that moved markets—it was the mood shift. Investors rushed back into risk assets, betting that the worst might be behind us. Always choose a good, reputable, and regulated broker to avoid unnecessary problems. When you open a trading account with a broker, you will have to supply your KYC documents and, once approved, deposit money to be able to trade.
The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Although tariffs and taxes both generate government revenue to fund public goods and services, they have several distinctions. Tariffs are prepaid at the port of entry, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers.
Through the deal, NODE seeks to provide long-term stewardship of the CryptoPunks collection and give it mainstream recognition. Check live rates, send money securely, set rate alerts, receive notifications and more. We’ve got you covered with access to 100+ global markets on one ameritrade forex broker platform.
During the run-up to the presidential election in November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy and American producers. In 2024, Mexico, China and Canada accounted for 42% of total US imports. In this period, Mexico stood out as the top exporter with $466.6 billion, according to the US Census Bureau.
On the other hand, when there’s global growth USD weakens and currencies like NZD, AUD, CAD, EUR and so on appreciate against it. To show this correlation, we can take the US ISM PMI, which is correlated with Global PMIs since the US is the biggest economy in the world and compare it with NZD/USD chart. Below you can see how the changes in the ISM PMI (orange line) have an inverse correlation with NZD/USD (blue line). Thus, if you expect global growth to slow down, you may want to look more for shorts on NZD/USD and vice versa if you expect a stable or higher global growth.
Prices provided by TradingView are for reference only and are indicative. For accurate and real-time pricing, please refer to our trading platform. The best times to trade NZD/USD is during the European and North American Session. To hide/show event marks, right click anywhere on the chart, and select “Hide Marks On Bars”. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc. SPONSORED Discover the top brokers for trading EUR/USD in 2025.
The NZD/USD currency pair, also called the “Kiwi”, tells the trader axitrader review how many US dollars (the quote currency) are needed to purchase one New Zealand dollar (the base currency). Together with the Australian Dollar and the Canadian Dollar, the NZD is a commodity currency, that is a currency whose country’s exports are largely comprised of raw materials (precious metals, oil, agriculture, etc.). The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs.
Where can you enter in order to have a small risk exposure but a bigger profit potential? The US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, surges above 101.50, the highest level seen in a month. Market sentiment turns upbeat as the resolution of the trade war between the US and China is expected to uplift the global economic outlook. S&P 500 has posted substantial gains at open, demonstrating the strong risk appetite of investors.
NZD/USD is another FX pair that can be considered as a barometer for risk sentiment. It goes up when things look bright and goes down when things look bleak. In times of stress in the markets and higher volatility, we can generally see the NZD/USD pair falling as the market goes for the safety of the US Dollar and sells off the NZD. Generally, volatility increases in bad times and that’s why you can see the pair being even inversely correlated with the VIX index, which measures the expected volatility for the S&P500 Index which is another risk asset. There are two schools of thought among economists regarding the usage of tariffs.
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