NZD/USD depreciates to near 0.6150 as the Fed is expected to keep the policy rate unchanged


  • NZD/USD inches lower as the US Dollar remains strong ahead of the Fed’s interest rate decision on Wednesday.
  • CME FedWatch Tool suggests the likelihood of a Fed rate cut in September has decreased to 52%.
  • The RBNZ is anticipated to maintain its current interest rate until at least mid-2025.

NZD/USD edges lower as traders favor the US Dollar (USD) ahead of the Federal Reserve's (Fed) decision and the release of US inflation figures for May, scheduled for later in the North American trading hours. The NZD/USD pair edges lower to near 0.6140 during the European hours on Wednesday.

The Federal Reserve is widely expected to keep the policy rate unchanged, maintaining it in the range of 5.25%-5.50% in June as it strives to reduce inflation toward its 2% target. The strong US labor market conditions have reduced the chances of a Fed rate cut in September. According to the CME FedWatch Tool, the probability of a Fed rate cut in September by at least 25 basis points has decreased to 52%, down from 67% a week earlier.

Investors will likely closely monitor key US inflation data, which is due later in the North American session. The US headline and core CPI figures for May are projected to show year-over-year increases of 3.4% and 3.5%, respectively.

On Kiwi’s front, consumer inflation remained steady in May, while producer price deflation eased in China, a major trade partner of New Zealand. This situation suggests a need for additional stimulus to boost demand. China's Consumer Price Index (CPI) remained consistent at a 0.3% increase year-over-year in May, falling short of the expected 0.4% rise. On a monthly basis, Chinese CPI decreased by 0.1%, compared to a 0.1% increase in April.

Despite a weakening economy, high interest rates in New Zealand have continued to support the New Zealand Dollar (NZD). The Reserve Bank of New Zealand (RBNZ) is anticipated to maintain its current policy stance until at least mid-2025.

NZD/USD

Overview
Today last price 0.6144
Today Daily Change 0.0001
Today Daily Change % 0.02
Today daily open 0.6143
 
Trends
Daily SMA20 0.6136
Daily SMA50 0.6037
Daily SMA100 0.6068
Daily SMA200 0.6056
 
Levels
Previous Daily High 0.6151
Previous Daily Low 0.6117
Previous Weekly High 0.6216
Previous Weekly Low 0.6101
Previous Monthly High 0.6171
Previous Monthly Low 0.5875
Daily Fibonacci 38.2% 0.6138
Daily Fibonacci 61.8% 0.613
Daily Pivot Point S1 0.6123
Daily Pivot Point S2 0.6103
Daily Pivot Point S3 0.6089
Daily Pivot Point R1 0.6157
Daily Pivot Point R2 0.6171
Daily Pivot Point R3 0.6191

 

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

XM
Account
7.2
Tools
9.2
Service
9.4
Trading
9.0
Trust
7.0
Experience
8.4
Read review
Moneta Markets
Account
7.4
Tools
6.6
Service
8.0
Trading
6.6
Trust
5.2
Experience
9.2
Read review
Trading Pro
Account
7.2
Tools
5.2
Service
6.6
Trading
8.0
Trust
5.0
Experience
7.0
Read review
Pepperstone
Account
8.2
Tools
8.2
Service
7.4
Trading
9.0
Trust
8.8
Experience
9.0
Read review
XM
Read review
Moneta Markets
Read review
Trading Pro
Read review
Pepperstone
Read review
Trading Pro
Read review
Pepperstone
Read review
XM
Read review
Moneta Markets
Read review
Trading Pro
Account
7.2
Tools
5.2
Service
6.6
Trading
8.0
Trust
5.0
Experience
7.0
Read review
Pepperstone
Account
8.2
Tools
8.2
Service
7.4
Trading
9.0
Trust
8.8
Experience
9.0
Read review
XM
Account
7.2
Tools
9.2
Service
9.4
Trading
9.0
Trust
7.0
Experience
8.4
Read review
Moneta Markets
Account
7.4
Tools
6.6
Service
8.0
Trading
6.6
Trust
5.2
Experience
9.2
Read review

Recommended content


Recommended content

Editors’ Picks

EUR/USD clings to gains near 1.0950 on US Dollar weakness

EUR/USD clings to gains near 1.0950 on US Dollar weakness

EUR/USD stays in positive territory near 1.0950 on Tuesday as the US Dollar (USD) struggles to find demand. The recovery in risk sentiment undermines the haven demand for the USD, lifting the pair. Dovish Fed expectations also weigh negatively on the Greenback. Markets await tariff headlines.

EUR/USD News
GBP/USD recovers toward 1.2800 on improving risk mood

GBP/USD recovers toward 1.2800 on improving risk mood

GBP/USD holds its ground and edges higher toward 1.2800 in the second half of the day on Tuesday. The pair draws support from renewed US Dollar weakness and a positive shift in risk sentiment but US President Trump's tariff war and global growth concerns could limit its upside. 

GBP/USD News
Gold bounces back above $3,000 as trade war tensions flair up

Gold bounces back above $3,000 as trade war tensions flair up

Gold price is bouncing higher in tandem with equities after another stellar nosedive move on Monday. The precious metal trades above the $3,000 to start the American session. The bounce is supported by a technical element on the one hand and a geopolitical driver on the other.

Gold News
Who is Satoshi? Crypto lawyer sues DHS to reveal Satoshi Nakamoto's identity

Who is Satoshi? Crypto lawyer sues DHS to reveal Satoshi Nakamoto's identity

James Murphy, a cryptocurrency lawyer popularly known to his followers on X as "MetalLawMan," has filed a lawsuit in a D.C. District Court against the Department of Homeland Security (DHS). He intends to uncover the real face or faces behind Satoshi Nakamoto, the pseudonymous creator of Bitcoin. 

Read more
The Fed is looking at a hefty price level

The Fed is looking at a hefty price level

We are still in thrall to tariffs, the faux-macro “data” driving markets. The WSJ editorial board advised other countries to take their tariffs to zero so that Trump’s “reciprocal” tariffs will have to be zero, too. Cute, but no cigar.

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025