NZD/USD FORECAST AND NEWS
NZD/USD softens below 0.5900 after Unemployment Rate rises to decade high
The NZD/USD pair loses momentum to near 0.5875 during the early Asian trading hours on Wednesday. The New Zealand Dollar weakens against the US Dollar following the employment report. Traders brace for the release of China’s RatingDog Services Purchasing Managers Index data for fresh impetus.
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USD/JPY turns lower toward 157.00 as USD slips on US-Iran deal hopes
USD/JPY turns lower toward 157.00 in Asia on Wednesday, despite the release of hawkish BoJ June meeting Minutes and rising Japanese wages. A broadly weaker US Dollar, amid US-Iran peace deal hopes, weighs on the pair amid looming intervention risks.
AUD/USD revisits two-month highs above 0.7050 amid fresh USD weakness
AUD/USD is finding fresh buyers and revisits two-month highs near 0.7055 in the Asian session on Wednesday, shrugging off weak Chinese RatingDog Services PMI for July. The pair draws support from a renewed US Dollar downside amid hopes for a US-Iran deal on Hormuz reopening. Mideast headlines and US ISM Services PMI remain in focus today.
Gold retakes $4,100, cheers US-Iran peace deal progress
Gold is catching a fresh bid, retaking $4,100 in the Asian session on Wednesday. Optimism over a potential US-Iran peace deal and the full reopening of the Strait of Hormuz keep the US Dollar undermined, helping the bullion to resume its previous rebound ahead of US ISM Services PMI data.
Ethereum holds steady below $1,900 as retail distribution rises
RBI set to keep interest rates unchanged as inflation risks persist
The Reserve Bank of India is set to announce its bi-monthly monetary policy decision on Wednesday at 10:00 AM IST (04:30 GMT), another meeting coming at a time when uncertainty remains high over the duration and economic fallout of the ongoing Middle East conflict.
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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.