NZD/USD FORECAST AND NEWS

NZD/USD: Bears eye YTD low at 0.5680 amid US Dollar’s strength

The New Zealand Dollar is showing the worst performance among major currencies on Friday, extending its decline against the US Dollar to 0.5724 lows so far, with the year-to-date low of 0.5781 coming closer. The pair is on track for a 1.65% weekly decline, as Fed hiking bets have offset investors' enthusiasm about the US-Iran trade deal.

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EUR/USD: Winds of change blowing into the Federal Reserve Premium

The EUR/USD pair fell towards 1.1417, its lowest since last March, as the US Dollar (USD) soared following the first Federal Reserve (Fed) monetary policy meeting chaired by Kevin Warsh. EUR/USD got to recover some ground on Friday, finishing the week, however, well below the 1.1500 mark.

Gold: Hawkish Fed leads to third consecutive weekly loss Premium

Gold (XAU/USD) opened with a bullish gap and registered strong gains in the first half of the week, but a hawkish Federal Reserve (Fed) spoiled the party. Mid-tier macroeconomic data releases from the United States (US) and changes in crude Oil prices could impact XAU/USD’s action in the near term, while the technical outlook suggests that the bearish bias remains intact.

British Pound rebounds as holiday-thinned trade slows USD bulls

The Pound Sterling recovers some ground after reaching a three-month low on Friday at 1.3163, sponsored by the Fed’s hawkish tilt, but edges up 0.18% amid thin trading conditions due to a holiday in the US. The GBP/USD trades at 1.3226, yet it is poised to end with weekly losses of 1.25%. Market sentiment remains fragile despite the recovery from the US-Iran deal.

US Dollar: The last mile just got longer Premium

A very auspicious week saw the US Dollar (USD) trade with robust gains, rapidly leaving behind the prior pullback and sending the US Dollar Index (DXY) to levels last traded in mid-May 2025, past the 101.00 barrier on Friday.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.

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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.