NZD/USD FORECAST AND NEWS

NZD/USD drops below 0.5600, eyes monthly low on RBNZ's surprise on-hold decision

NZD/USD comes under intense selling pressure and dives back to the monthly low after the RBNZ's surprise on-hold decision, compared to the widely expected 25 bps rate hike. Moreover, the US Dollar climbs to a two-week high, further exerting pressure on the currency pair, though the downside remains limited as focus shifts to the crucial FOMC rate decision later this Wednesday.

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AUD/USD consolidates gains just above 0.7000

AUD/USD rebounds sharply and manages to reclaim the area beyond the 0.7000 threshold on Wednesday. Indeed, the pair sets aside two daily drops in a row and regains balance on the back of the marked pullback in the Greenback as investors keep assessing the results from the US Midterms elections.

EUR/USD: The 1.1200 region holds the downside

EUR/USD could not sustain the earlier bull run to the 1.1270 region, returning to the low-1.1200s amid decent gains ahead of the opening bell in Asia on Thursday. The extra weakness in the US Dollar lent further support to the pair’s recovery as market participants continue to parse the Democrats’ win at the US Midterm elections. Moving forward, the weekly US jobs report is due on Thursday ahead of the speech by the ECB’s Largarde.

Gold pops to four-day highs near $4,050

Gold manages to regain some composure, leaving behind two consecutive daily pullbacks and reclaiming the area above the key $4,000 mark per troy ounce on Wednesday. The strong decline in the US Dollar, shrinking US Treasury yields across the curve and lower crude oil price all contributes to the yellow metal’s recovery.

Bitcoin and Gold Outlook: BTC tops $80K, XAU reclaims $4,000 as Democrats take control of Congress

Bitcoin (BTC) and Gold (XAU/USD) are gaining momentum on Wednesday, as bulls stage a comeback. BTC’s position above $80,000 signals a bullish turnaround, erasing sharp losses from the Binance hack, which impacted $6.3 billion. Meanwhile, Gold’s recovery above $4,000 could strengthen bullish sentiment after the United States (US) midterm elections.

US midterms 2026: Investor Q&A on the Democratic sweep

1. Gridlock replaces the stimulus narrative. A Democratic Congress would constrain Trump's ability to pursue additional fiscal expansion and legislative tax measures. But it cannot simply reverse the president's entire economic agenda. Executive powers, existing legislation and presidential vetoes remain important. 2. AI faces a higher hurdle, not an extinction event.

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INFLUENTIAL INSTITUTIONS AND PEOPLE FOR THE NZD/USD

The Reserve Bank of New Zealand (RBNZ)

The Reserve Bank of New Zealand (RBNZ) is New Zealand's central bank. Its primary role is to “give people, communities and businesses the confidence to spend, borrow and save money” by maintaining a sound and efficient monetary and financial system. The RBNZ achieves this by managing inflation to keep prices stable, regulating banks and finance companies, producing New Zealand’s banknotes and coins and operating effective wholesale payment and settlement systems.

The official website, on X and YouTube

The Federal Reserve (Fed)

The Federal Reserve (Fed) is the central bank of the United States (US) and it has two main targets: to maintain the unemployment rate at its lowest possible levels and to keep inflation around 2%. The Federal Reserve System's structure is composed of the presidentially appointed Board of Governors and the partially appointed Federal Open Market Committee (FOMC). The FOMC organizes eight scheduled meetings in a year to review economic and financial conditions. It also determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth.

Fed official website, on X and Facebook

RBNZ Governor Anna Breman

Anna Breman was appointed as Reserve Bank of New Zealand's Governor in December 2025 for a five-year term ending in November 2030. Breman had previously served as First Deputy Governor of the central bank of Sweden (Riksbank). She holds a PhD in Economics from the Stockholm School of Economics and has previously served as the group chief economist and global head of macro research at Swedbank. She has also worked at the Swedish Ministry of Finance and at the World Bank.

Fed Chairman Jerome Powell

Jerome Powell took office as chairman of the Board of Governors of the Federal Reserve System in February 2018, for a four-year term ending in February 2022. His term as a member of the Board of Governors will expire on January 31, 2028. Born in Washington D.C., he received a bachelor’s degree in politics from Princeton University in 1975 and earned a law degree from Georgetown University in 1979. Powell served as an assistant secretary and as undersecretary of the Treasury under President George H.W. Bush. He also worked as a lawyer and investment banker in New York City. From 1997 through 2005, Powell was a partner at The Carlyle Group.

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About NZD/USD

The pair indicates how many US Dollars (USD) are required to purchase one New Zealand Dollar (NZD). Often seen as a minor currency, its relevance stems from New Zealand’s strong commercial ties with its neighbor, Australia, and China. The New Zealand Dollar is commonly referred to as 'the Kiwi', named after the bird that symbolizes New Zealand.