NZD/USD rises for tenth consecutive day on robust NZ trade data
- NZD/USD appreciates, extending a ten-day winning streak.
- US labor market figures slightly reassure on US employment conditions.
- The recent US monetary policy decision limits the extent of the upside.
NZD/USD trades higher around 0.6075 on Thursday at the time of writing, posting a gain of 0.40% on the day, marking a tenth consecutive day of gains.. The pair mainly benefits from a firmer New Zealand Dollar (NZD) after the release of stronger-than-expected trade data from New Zealand (NZ), while the US Dollar (USD) remains supported by mixed fundamentals.
The latest figures show that New Zealand recorded a trade surplus of NZ$52 million in December, compared with a deficit of NZ$163 million in the previous month. Exports rise to NZ$7.65 billion, while imports increase to NZ$7.60 billion. This improvement in the trade balance reinforces the view of stronger external demand and supports the New Zealand Dollar against the US Dollar.
On the US side, the Federal Reserve (Fed) kept its benchmark interest rate unchanged at its first meeting of the year, highlighting increased confidence in economic activity and the labor market. Fed Chair Jerome Powell noted that monetary policy is not on a preset path and that future decisions will depend strictly on incoming economic data, a message perceived as relatively hawkish by markets.
Meanwhile, the latest US labor market statistics show that Initial Jobless Claims fell to 209,000 last week, while Continuing Jobless Claims declined to 1.827 million, their lowest level since September 2024. These figures provide underlying support to the US Dollar, limiting the upside potential for NZD/USD.
Finally, comments from US Treasury Secretary Scott Bessent reaffirming Washington’s commitment to a strong-dollar policy offer additional support to the Greenback. Despite this, markets continue to price in two Fed rate cuts this year, allowing NZD/USD to maintain a positive short-term bias.
New Zealand Dollar Price Today
The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.13% | -0.12% | -0.05% | -0.39% | -0.62% | -0.51% | -0.21% | |
| EUR | 0.13% | 0.00% | 0.04% | -0.26% | -0.48% | -0.38% | -0.08% | |
| GBP | 0.12% | -0.01% | 0.04% | -0.27% | -0.51% | -0.40% | -0.09% | |
| JPY | 0.05% | -0.04% | -0.04% | -0.33% | -0.56% | -0.47% | -0.15% | |
| CAD | 0.39% | 0.26% | 0.27% | 0.33% | -0.23% | -0.13% | 0.18% | |
| AUD | 0.62% | 0.48% | 0.51% | 0.56% | 0.23% | 0.11% | 0.42% | |
| NZD | 0.51% | 0.38% | 0.40% | 0.47% | 0.13% | -0.11% | 0.30% | |
| CHF | 0.21% | 0.08% | 0.09% | 0.15% | -0.18% | -0.42% | -0.30% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
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