The NZD/USD currency pair has reached its highest point since January 2024, driven by a weakening US dollar and expectations of US interest rate cuts. However, technical indicators suggest a potential downward trend in the near future, indicating a possible correction in the market.
Results for: NZD/USD
New Zealand’s trade surplus returned in March, driven by an increase in exports and a decrease in imports. The NZD/USD exchange rate remained relatively stable after the release of the data.