USD/NZD fell about 1.3% last week as a stronger-than-expected US jobs report lifted Fed rate expectations while NZD strength and relative yields supported the Kiwi.

Over the past week USD/NZD traded in a narrow 1.66–1.68 corridor as no major US or New Zealand policy actions or data surprises emerged. YCharts recorded intraday prints from 1.655–1.668 (Feb 3–6) while CurrencyBeacon noted ~1.66 on Feb 9. Forecasters (exchangerates.org.uk, MidForex) expect gradual Kiwi strengthening through 2026.

Strong New Zealand data and an RBNZ policy shift this week pushed USD/NZD lower. Inflation surprise, a wider trade surplus and dovish US dollar flows combined to lift the Kiwi toward the mid-0.57s, altering short-term rate expectations.

USD/NZD fell sharply after New Zealand's Q4 CPI surprised to the upside, strengthening the NZD amid softer US-dollar cues. The CPI print and shifting Fed/RBNZ expectations set clear technical zones for traders.

Over the past week USD/NZD ticked higher as firmer-than-expected U.S. data and renewed trade concerns bolstered the dollar. The pair traded in a tight 0.5753–0.5786 band, with short-term resistance near 0.580–0.581; traders should monitor upcoming U.S. releases and any trade-policy headlines for fresh directional bias.

USD/NZD retreated over Jan 5–12, 2026 after the RBNZ’s 25bp cut paired with a hawkish pause and rising Fed cut odds pressured the dollar.