USD/NZD softened over the past week as RBNZ easing expectations, dovish domestic data and weaker dairy/export signals outweighed a temporary boost from U.S. tariff relief. The pair traded roughly 1.760–1.777 as traders priced in further New Zealand rate cuts while the Fed retained a more cautious stance.
NZ labor data this week raised bets on an RBNZ rate cut, pushing NZD lower against the USD. Coupled with USD safe‑haven flows and limited relief from tariff news, traders are pricing easing into December—here's what to watch and practical trade ideas for USD/NZD.
