Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
12 May 2025

NZD/USD falls to near 0.5900 following a 90-day pause in US-China tariff escalation

  • NZD/USD weakens after a 90-day pause in tariff escalation and a significant 115% reciprocal tariff reduction.
  • US Trade Representative Jamieson Greer admitted the embargo strategy was unsustainable and emphasized both countries’ commitment to the pause.
  • The New Zealand Dollar continues to face pressure amid expectations of further monetary easing by the RBNZ.

NZD/USD remains under pressure, trading near 0.5900 during early European hours on Monday, despite an improved global trade mood following positive developments in US-China trade talks. The US Dollar (USD) strengthened after the release of a joint statement from the high-level trade negotiations held over the weekend in Geneva, Switzerland. The statement confirmed that the US will suspend 24 percentage points of its tariff rate on Chinese goods for an initial 90-day period.

At a scheduled briefing, US Treasury Secretary Scott Bessent emphasized the significance of the agreement, highlighting a 90-day pause in tariff escalation and a substantial 115% reciprocal reduction in tariffs. Bessent noted that both sides showed strong personal rapport and remained focused on national interests.

US Trade Representative Jamieson Greer echoed similar sentiments, underscoring the mutual respect and understanding between both delegations. Greer acknowledged that the embargo approach was unsustainable and reaffirmed both nations’ commitment to the 90-day pause, though he stated that the fentanyl issue remains unresolved.

Despite the positive trade backdrop, the New Zealand Dollar (NZD) remains weighed down by expectations of further monetary easing by the Reserve Bank of New Zealand (RBNZ). Recent domestic data pointed to weakening labor market conditions and slowing wage growth, strengthening the case for a 25 basis point rate cut this month. Markets are also pricing in additional easing, with the cash rate expected to fall to 3% by the end of the year and three further cuts anticipated in 2025.

New Zealand Dollar PRICE Today

The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the weakest against the US Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 1.14% 0.87% 0.87% 0.46% -0.03% 0.57% 1.02%
EUR -1.14% -0.13% 0.26% -0.17% -0.53% -0.07% 0.37%
GBP -0.87% 0.13% 0.58% -0.04% -0.38% -0.01% 0.51%
JPY -0.87% -0.26% -0.58% -0.42% -1.52% -1.15% -0.09%
CAD -0.46% 0.17% 0.04% 0.42% -0.22% 0.11% 0.55%
AUD 0.03% 0.53% 0.38% 1.52% 0.22% 0.36% 0.88%
NZD -0.57% 0.07% 0.01% 1.15% -0.11% -0.36% 0.42%
CHF -1.02% -0.37% -0.51% 0.09% -0.55% -0.88% -0.42%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).

May 12, 2025

USTR Greer: Both sides very committed to the 90-day pause period

US Trade Representative (USTR) Jamieson Greer is speaking at the scheduled briefing on the first round of high-level US-China trade talks held over the weekend in Geneva, Switzerland.
Read more Previous
May 12, 2025

AUD/JPY surges to near 94.50 as joint statement confirms 90-day halt in tariff escalations

AUD/JPY climbed more than 1.50% during European trading hours on Monday, reaching around 94.60, driven by a more optimistic global trade sentiment following positive developments in US-China trade negotiations.
Read more Next