- NZD/USD works to update a weekly high near 0.5700 as the decline in the risk of global trade war has improved demand for safe term.
- The US dollar is seeking a floor against the background of the optimistic US employment data for January.
- NZ economy will also face the consequences of the US -Chinese trade war.
NZD/USD pair publishes a new weekly high near 0.5700 in North America’s session on Wednesday. The gains of the Kiwi husband, as the US dollar (USD) remained under pressure due to the decline in the risk of global trade war.
Investors expect the trade war between the United States (the United States) and China, as the latter imposed definitions on some elements of the American economy in response to President Donald Trump’s decision to impose it by 10 % on all imports from China.
The US dollar index (DXY), which tracks the value of Greenback for six main currencies, is updating the lowest weekly level to approximately 107.40. However, Greenback got some interest in buying after the issuance of employment change data in the United States (the United States), which showed that the private sector appointed 183,000 workers in January, higher than 150,000 estimates and previous release from 176 km. Higher than 122 kg.
US dollar price today
The table below shows the percentage of change in the US dollar (USD) against the main currencies listed today. The US dollar was the strongest against the Canadian dollar.
| US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
|---|---|---|---|---|---|---|---|---|
| US dollar | -0.21 % | -26 % | -0.78 % | -0.19 % | -0.28 % | -51 % | -0.22 % | |
| euro | 0.21 % | -05 % | -59 % | 0.02 % | -06 % | -0.29 % | -01 % | |
| GBP | 0.26 % | 0.05 % | -56 % | 0.07 % | -02 % | -0.25 % | 0.04 % | |
| JPY | 0.78 % | 0.59 % | 0.56 % | 0.61 % | 0.52 % | 0.27 % | 0.57 % | |
| CAD | 0.19 % | -02 % | -07 % | -61 % | -08 % | -0.32 % | -0.03 % | |
| Aud | 0.28 % | 0.06 % | 0.02 % | -52 % | 0.08 % | -0.23 % | 0.05 % | |
| Nzd | 0.51 % | 0.29 % | 0.25 % | -0.27 % | 0.32 % | 0.23 % | 0.29 % | |
| Chf | 0.22 % | 0.01 % | -04 % | -57 % | 0.03 % | -05 % | -0.29 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage offered in the box will represent the USD (base)/JPY (quote).
Meanwhile, the NZD dollar (NZD) is still unconfirmed because the impact of the trade war between the United States and China will be borne by the New Zealand economy, as it is one of the main trading partners in China.
On the Monetary Policy Front, market participants expect the Reserve Bank in New Zealand (RBNZ) to reduce its cash price to reduce inflation risk that adapts to its 2 % goal.
NZD/USD counterattacks from the support area that was drawn about 0.5500 on a weekly time frame. However, the kiwi pair’s look is still downward as the SIA moving average for 20 weeks (EMA) near 0.5800 descends down.
The 24-week relative index (RSI) tries to return within a range of 40.00-60.00. The fresh landfill will operate if the relative strength index fails to do the same.
Kiwi’s pair can decrease to round support near 0.5400 and 0.5300 if it has decreased less than the lowest level in 13 years at 0.5470.
On the other hand, a decisive break above the November 29 height of 0.5930 can push the pair to the highest level on November 15 at 0.5970 and 0.6000 psychological resistance.
NZD/USD weekly
Common questions between the United States of China for war
In general, the trade war is an economic conflict between the two countries or more due to severe protectionism at one party. It involves the creation of commercial barriers, such as customs tariffs, which lead to anti -import barriers, and to import costs, and thus the cost of living.
The economic conflict between the United States (the United States) and China began in early 2018, when President Donald Trump laid commercial barriers on China, claiming unfair commercial practices and theft of intellectual property from the Asian giant. China has taken retaliatory measures and imposed a tariff on multiple American goods, such as cars and soybeans. Tensions escalated until the two countries signed the commercial deal for the first stage of the United States of China in January 2020. The agreement requires structural reforms and other changes on the economic and commercial system in China and demonstrated by restoring stability and confidence between the two countries. However, the Koronavus virus’s pandemic took the focus from the conflict. However, it should be noted that President Joe Biden, who took office after Trump, maintained the customs tariff in his place and added some additional fees.
Donald Trump’s return to the White House as an American president ignited 47 new waves of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60 % of the customs tariff on China once he returns to his position, which he did on January 20, 2025. With Trump’s return, the trade war and the United States aims to resume the place where it was left, with its existence, the limit policies In exchange for Tat, which affects the global economic scene, amid unrest in global supply chains, which leads to a decrease in spending, especially investment, and direct nutrition in the inflation of the consumer price index.