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The NZD/USD pair attracts some sellers to around 0.5700 during the Asian trading hours on Tuesday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) as heightened uncertainty in the Middle East boosts demand for a safe-haven currency.
US President Donald Trump said on Monday that freedom of navigation through the Strait of Hormuz would be part of any deal to end the Middle East war and escalated threats to attack key Iranian infrastructures if his terms aren’t met before a Tuesday deadline at 8 p.m. Eastern Time (00:00 GMT Wednesday), per Bloomberg.
Iran has also retaliated by saying that it will respond to Trump's threats by ramping up its own attacks on energy infrastructure in the Gulf. Rising tensions in the Middle East could provide some support to the Greenback and act as a headwind for the pair in the near term.
However, the downbeat US economic data might cap the upside for the USD. The US Services Purchasing Managers Index (PMI) declined to 54.0 in March from 56.1 in February, the Institute for Supply Management (ISM) showed on Monday. This reading came in below the market consensus of 55.0.
The Reserve Bank of New Zealand (RBNZ) is expected to keep interest rates unchanged at its April meeting on Wednesday and restate its willingness to look through the initial inflationary impact of surging fuel prices that threaten a stuttering recovery. Governor Anna Breman will hold a press conference after the policy meeting. Markets and analysts anticipate a potential rate hike to 2.50% by the end of 2026.
The Reserve Bank of New Zealand (RBNZ) is the country’s central bank. Its economic objectives are achieving and maintaining price stability – achieved when inflation, measured by the Consumer Price Index (CPI), falls within the band of between 1% and 3% – and supporting maximum sustainable employment.
The Reserve Bank of New Zealand’s (RBNZ) Monetary Policy Committee (MPC) decides the appropriate level of the Official Cash Rate (OCR) according to its objectives. When inflation is above target, the bank will attempt to tame it by raising its key OCR, making it more expensive for households and businesses to borrow money and thus cooling the economy. Higher interest rates are generally positive for the New Zealand Dollar (NZD) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken NZD.
Employment is important for the Reserve Bank of New Zealand (RBNZ) because a tight labor market can fuel inflation. The RBNZ’s goal of “maximum sustainable employment” is defined as the highest use of labor resources that can be sustained over time without creating an acceleration in inflation. “When employment is at its maximum sustainable level, there will be low and stable inflation. However, if employment is above the maximum sustainable level for too long, it will eventually cause prices to rise more and more quickly, requiring the MPC to raise interest rates to keep inflation under control,” the bank says.
In extreme situations, the Reserve Bank of New Zealand (RBNZ) can enact a monetary policy tool called Quantitative Easing. QE is the process by which the RBNZ prints local currency and uses it to buy assets – usually government or corporate bonds – from banks and other financial institutions with the aim to increase the domestic money supply and spur economic activity. QE usually results in a weaker New Zealand Dollar (NZD). QE is a last resort when simply lowering interest rates is unlikely to achieve the objectives of the central bank. The RBNZ used it during the Covid-19 pandemic.
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The NZD/USD pair attracts some sellers to around 0.5700 during the Asian trading hours on Tuesday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) as heightened uncertainty in the Middle East boosts demand for a safe-haven currency.
美元/加元在前一日录得小幅下跌后回升，周二亚洲时段交投于1.3930附近。由于中东和平停火不确定性引发的避险情绪升温，美元（USD）走强，推动该货币对上涨。
USD/CAD edges higher after registering modest losses in the previous day, trading around 1.3930 during the Asian hours on Tuesday. The pair appreciates as the US Dollar (USD) gains ground amid increased risk aversion, which could be attributed to the Middle East peace truce uncertainty.
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美元/日元货币对在周二亚洲时段触及一周高点，尽管缺乏后续动力，且在基本面信号参差不齐的情况下仍徘徊于160.00心理关口下方
伊朗议会议长穆罕默德·巴格尔·加利巴夫的一名顾问周二表示，美国总统唐纳德·特朗普大约有20小时的时间，要么向伊朗投降，要么他的盟友将回到旧石器时代。该顾问强调，伊朗不会退缩
澳大利亚 三月 澳大利亚TD通胀年率从前值3.6%增加至4.3%
An advisor to Iran's Parliament Speaker Mohammad Bagher Ghalibaf said on Tuesday that US President Donald Trump has about 20 hours to either surrender to Iran, or his allies will return to the Paleolithic Age. The advisor emphasized that Iran will not back down.
The USD/JPY pair touches a one-week high during the Asian session on Tuesday, though it lacks follow-through and remains below the 160.00 psychological mark amid mixed fundamental cues.