NZ PM Luxon: Will bring a relentless focus on unleashing growth
In a parliamentary speech on Tuesday, New Zealand (NZ) Prime Minister (PM) Christopher Luxon said that his government will bring a relentless focus on unleashing growth to lift incomes, strengthen local businesses, and create opportunity in 2025.”
He further noted that “promising signs of success were seen in 2024, such as inflation dropping and remaining low, interest rates starting to fall, wages continuing to rise faster than inflation, and business and consumer confidence rising.”
Market reaction
PM Luxon’s comments failed to lift the sentiment around New Zealand (NZD) as the NZD/USD pair remains heavy near 0.5660, down 0.54% on the day.
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 | 0.46% | 0.33% | 0.64% | 0.17% | 0.61% | 0.53% | 0.38% | |
| EUR | -0.46% | -0.13% | 0.16% | -0.29% | 0.14% | 0.06% | -0.09% | |
| GBP | -0.33% | 0.13% | 0.31% | -0.16% | 0.24% | 0.19% | 0.03% | |
| JPY | -0.64% | -0.16% | -0.31% | -0.48% | -0.04% | -0.13% | -0.29% | |
| CAD | -0.17% | 0.29% | 0.16% | 0.48% | 0.44% | 0.36% | 0.19% | |
| AUD | -0.61% | -0.14% | -0.24% | 0.04% | -0.44% | -0.08% | -0.24% | |
| NZD | -0.53% | -0.06% | -0.19% | 0.13% | -0.36% | 0.08% | -0.17% | |
| CHF | -0.38% | 0.09% | -0.03% | 0.29% | -0.19% | 0.24% | 0.17% |
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
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
