New Zealand Dollar struggles as firm US Dollar keeps NZD/USD pinned

The New Zealand Dollar remains under pressure as the US Dollar stays supported ahead of the Federal Reserve's policy meeting.
Geopolitical tensions continue to drive safe-haven demand and underpin the Greenback.
Investors remain cautious ahead of the Fed's decision, while expectations of further RBNZ tightening help limit Kiwi losses.

Ghiles Guezout FXStreet

NZD/USD trades around 0.5770 on Tuesday at the time of writing, slightly lower on the day. The New Zealand Dollar (NZD) remains pressured by the firm US Dollar (USD), which continues to benefit from safe-haven demand amid persistent geopolitical tensions.

Markets remain focused on developments in the Middle East. The United States (US) has paused its military campaign against Iran after nearly two weeks of strikes, while US President Donald Trump said that talks with Tehran were progressing and that a diplomatic resolution remained possible. However, optimism has been frayed after reports of drone attacks in Saudi Arabia, Jordan and Iraq. Trump also warned that US strikes could resume if negotiations fail, helping the US Dollar retain its safe-haven appeal.

Investors are nevertheless reluctant to place aggressive bets ahead of the two-day Federal Reserve (Fed) policy meeting, which begins later on Tuesday. The US central bank is widely expected to leave interest rates unchanged on Wednesday, but markets will closely watch the policy statement and Fed Chair Kevin Warsh's press conference for fresh clues on the future path of monetary policy.

Meanwhile, the latest labor market data continue to point to a cooling US employment picture. The Automatic Data Processing (ADP) NER Pulse report showed that private employers added an average of 15K jobs per week over the four weeks ending July 11, down from 16.5K previously. Despite this further moderation in hiring, the US Dollar maintains a bullish tone with the US Dollar Index (DXY) holding close to its yearly highs.

In New Zealand, expectations that the Reserve Bank of New Zealand (RBNZ) could deliver another interest rate hike in September may help limit downside pressure on the New Zealand Dollar against the Greenback.

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 strongest against the Australian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.03%	-0.01%	0.08%	-0.07%	0.31%	0.07%	0.08%
EUR	-0.03%		-0.04%	0.06%	-0.13%	0.27%	0.03%	0.05%
GBP	0.00%	0.04%		0.09%	-0.05%	0.32%	0.08%	0.11%
JPY	-0.08%	-0.06%	-0.09%		-0.16%	0.22%	-0.03%	0.02%
CAD	0.07%	0.13%	0.05%	0.16%		0.40%	0.12%	0.17%
AUD	-0.31%	-0.27%	-0.32%	-0.22%	-0.40%		-0.23%	-0.23%
NZD	-0.07%	-0.03%	-0.08%	0.03%	-0.12%	0.23%		0.05%
CHF	-0.08%	-0.05%	-0.11%	-0.02%	-0.17%	0.23%	-0.05%

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).

Author

Ghiles Guezout

FXStreet

Ghiles Guezout is a Market Analyst with a strong background in stock market investments, trading, and cryptocurrencies. He combines fundamental and technical analysis skills to identify market opportunities.

AUD/USD consolidates near 0.7000 as USD stays weak

AUD/USD holds steady above 0.7000 during Thursday’s Asian session, consolidating the previous day’s recovery gains from a near three-week low as the Democratic sweep in the US midterm elections and Iran diplomacy hopes continue to weigh on the US Dollar. Bulls, however, seem hesitant as focus shifts to Friday’s crucial US NFP report.

USD/JPY drifts lower to 158.25 on hawkish BoJ Minutes, weak USD

USD/JPY trades with a negative bias for the second straight day on Thursday as hawkish BoJ Minutes, showing members agreed to keep raising rates, and intervention risks support the Japanese Yen. Meanwhile, US midterm election results and hopes for Iran diplomacy keep the US Dollar depressed as focus shifts to Friday’s US NFP report.

Gold hits one-week top near $4,080 on sliding US bond yields and weak USD

Gold builds on the previous day’s blowout rally, climbing to $4,080 during the Asian session on Thursday as falling US bond yields keep the US Dollar depressed near a one-month low, touched in reaction to Democrats’ victories in the US midterm elections. However, December Fed hike bets might cap the non-yielding bullion ahead of Friday’s US NFP report.

Circle reserve income falls 8% as ARC presale lifts Q3 revenue

Circle (CRCL) reported increased revenue in its Q3 earnings update on Wednesday as the $182 million ARC token presale offset the decline in reserve income. The stablecoin issuer stated that total revenue and reserve income reached $865 million in Q3, up 17% from a year earlier. Net income from continuing operations increased 5% to $226 million, while adjusted EBITDA climbed 85% to $317 million.

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.

US Dollar breaks below 101.50 as Democrats sweep Congress

The US Dollar (USD) comes under heavy selling pressure on Wednesday, with the US Dollar Index (DXY) falling around 0.5% to trade near 101.35 after sliding below the 101.50 level. The Greenback retreats to its lowest level in four weeks as investors reassess the political and economic outlook following the Democratic Party's sweeping victory in the United States (US) midterm elections.