NZD/USD FORECAST AND NEWS
NZD/USD hits eight-week highs above 0.5950 as risk appetite returns
The New Zealand Dollar is rallying sharply against the US Dollar as comments from US officials suggesting the war with Iran might be nearing its end have boosted investors’ appetite for risk. The risk-sensitive Kiwi has appreciated more than 1% so far today, hitting a fresh eight-week high of 0.5953 from Tuesday's lows of 0.5856. US President Donald Trump boosted market sentiment earlier on Wednesday when he announced a pause in the plan to escort vessels through the Strait of Hormuz, citing advances in the peace negotiations with Iran. Previously, US Secretary of State Marco Rubio affirmed that the objectives of the Iran war had been achieved, suggesting that the US is not interested in resuming hostilities.
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EUR/USD retreats to 1.1750 area after upbeat US data
EUR/USD corrects lower after climbing to the 1.1800 area earlier in the day but stays in positive territory near 1.1750. The stronger-than-forecast private sector employment data helps the US Dollar find a foothold, while the risk-on market environment on growing optimism about a US-Iran deal allows the pair to preserve its bullish stance.
USD/JPY off lows, still down 1% on likely 'Yentervention'
USD/JPY is off ten-week lows but remains heavy near 156.00 in on Wednesday. Markets speculate another round of FX intervention by Japan's authorities behind the latest leg up in the Japanese Yen, keeping the bearish pressure intact on the currency pair. Meanwhile the US Dollar struggles to find demand as markets grow optimistic about the US and Iran finalizing a truce deal.
Gold continues scaling higher; tests $4,700 amid peace deal hopes
Gold extends its intraday ascent and climbs to an over one-week high, re-attempting $4,700 on Wednesday. The US Dollar weakens across the board amid optimism over a potential US-Iran peace deal, helping the commodity to build on its recovery from a more than one-month trough, around the $4,500 mark set on Monday.
Crypto Today: Bitcoin, Ethereum, XRP strengthen bullish outlook on increasing capital inflows
Bitcoin remains above $81,000 as bulls challenge key resistance amid steady inflows into spot ETFs. Ethereum flirts with the $2,400 supply area, supported by the 50-day and 100-day EMAs. XRP gains traction near $1.45 resistance.
UK 30-year gilts hit 5.78%, the highest since 1998: what is being priced in? Premium
UK 30-year gilts traded as high as 5.78% on Tuesday, the highest level since 1998, while 10-year yields topped 5.10% with markets pricing in nearly three-quarter-point Bank of England (BoE) rate hikes this year.
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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 YouTubeThe 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 FacebookRBNZ 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
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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.