NZD/USD struggles to extend gains as USD demand persists
NZD/USD consolidates gains as hawkish RBNZ outlook meets cautious risk sentiment
NZD/USD advances above 0.5900 on Iran ceasefire extension, hot NZ inflation data
NZD/USD loses momentum despite the Fed's pressure narrative
The Pound to New Zealand Dollar (GBP/NZD) exchange rate fell on Tuesday, as stronger-than-expected New Zealand inflation boosted the ‘Kiwi' and weighed on the pairing. Latest — Exchange Rates:Pound to New Zealand Dollar (GBP/NZD): 2.29486 (+0.17%)Euro to New Zealand Dollar (EUR/NZD): 1.99608 (+0.04%)New Zealand Dollar to Dollar.
Annual inflation in New Zealand came in at 3.1% year-on-year in Q1 2026, unchanged from Q4 2026's 1.5 year high but exceeded the consensus forecast of 2.9%.
NZD/USD is showing signs of a bullish reversal after holding above key support at 0.5846, supported by stronger-than-expected inflation and rising expectations of RBNZ rate hikes. Yield spreads are turning in favour of the kiwi, reinforcing upside momentum.
NZD/USD jumps above 0.5900 as Iran agrees for another round of talks with US
New Zealand's March quarter CPI report printed firmer than forecast, with headline inflation rising 0.9% over the quarter against expectations for 0.8%, leaving the annual rate unchanged at 3.1%, above both market and RBNZ forecasts.
NZD/USD gains ground above 0.5900 on hotter New Zealand CPI report
New Zealand inflation data will be a major focus in the upcoming Asian session. Q1 CPI may show modest cooling, but the real question is whether inflation was already sticky before the oil shock hit.
NZD/USD softens to near 0.5850 as US–Iran tensions rise