NZD/USD remains under selling pressure below 0.5900 amid risk-off mood, renewed US Dollar demand

NZD/USD attracts some sellers near 0.5880 on the renewed USD demand on Friday.
US officials revealed that Israel carried out military strikes against Iran, boosting safe-haven currencies like the USD.
The annual inflation rate in New Zealand remains above the central bank target range, keeping the RBNZ holding rates longer.

Lallalit Srijandorn FXStreet

The NZD/USD pair remains under selling pressure around 0.5880 on Friday during the early European session. The risk-off environment amid the escalating tension between Israel and Iran lifts the Greenback and weighs on NZD/USD. Meanwhile, the US Dollar Index (DXY) edges higher above 106.20, nearly the highest level since November 2023.

US officials revealed that Israel carried out military strikes against Iran. The officials said Israel told the Biden administration early on Thursday that an attack would be launched within the next 24 to 48 hours. Israeli officials informed the US that Iran's nuclear facilities would not be targeted, according to CNN. Investors will monitor the developments surrounding geopolitical tensions in the Middle East. The turmoil and conflict in this region could boost safe-haven flows, benefiting the US Dollar.

Apart from this, the higher possibility that the US Federal Reserve (Fed) might delay interest rate cuts further provides some support to the USD. Several Fed officials agreed that US inflation remains high and that the US central bank needs more confidence in its trajectory.

On the Kiwi front, data released from Statistics New Zealand showed that the nation’s inflation has continued to fall. However, it remains above the Reserve Bank of New Zealand’s (RBNZ) target range of 1 to 3%. This might convince the RBNZ to keep the interest rate high for longer, which might help the New Zealand Dollar (NZD) to limit its losses.

NZD/USD

Overview
Today last price	0.5881
Today Daily Change	-0.0021
Today Daily Change %	-0.36
Today daily open	0.5902

Trends
Daily SMA20	0.5978
Daily SMA50	0.6067
Daily SMA100	0.6127
Daily SMA200	0.6057

Levels
Previous Daily High	0.5943
Previous Daily Low	0.5872
Previous Weekly High	0.6079
Previous Weekly Low	0.5933
Previous Monthly High	0.6218
Previous Monthly Low	0.5956
Daily Fibonacci 38.2%	0.5899
Daily Fibonacci 61.8%	0.5916
Daily Pivot Point S1	0.5869
Daily Pivot Point S2	0.5835
Daily Pivot Point S3	0.5798
Daily Pivot Point R1	0.594
Daily Pivot Point R2	0.5977
Daily Pivot Point R3	0.6011

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

GBP/USD retreats from weekly high vs firmer USD as focus shifts to BoE, US data

The GBP/USD pair struggles to capitalize on the previous day's strong move up to the weekly high and drifts lower during the Asian session on Thursday. Spot prices currently trade around mid-1.3300s, down over 0.10% for the day, and, for now, seem to have stalled the recovery move from a nearly four-week low, touched on Tuesday.

EUR/USD edges lower to near 1.1450 ahead of German/ EU GDP

EUR/USD trades with mild losses around 1.1450 in the early European hours on Thursday. The US Dollar recovers ground on renewed Mideast hostilities, despite a cautious Fed hold. Traders now brace for preliminary readings of the second-quarter Gross Domestic Product (GDP) from Germany, the Eurozone and the US.

Gold extends intraday rejection slide from $4,100

Gold extends its intraday rejection slide from the $4,100 mark and moves further away from a one-week high, touched the previous day. The US Dollar regains positive traction following Wednesday's post-FOMC decline and is seen as a key factor weighing on the commodity.

Mixed signals leave XRP and XLM at crossroads

Ripple and Stellar are trading at critical technical levels on Thursday. XRP has stabilized above the psychological $1.00 support, while XLM is testing support at $0.173. Traders should be cautious as mixed derivatives metrics keep the outlook uncertain for both altcoins. Derivatives data shows mixed sentiment among traders. CoinGlass’ long-to-short ratio for XRP reads 1.02 on Thursday.

Fed review: Reversing course (?)

At face value, the FOMC's 9-3 split decision hold was exactly in line with the expectations we laid out in our Fed preview - a divided hold, 22 July. We also named the three dissenters - Hammack, Logan and Kashkari - as the most likely hawks to support rapid tightening.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.