Indexed Finance USD Price & Performance (NDXUSD)

The NZD/USD pair is navigating choppy waters, trading near 0.57100 as of late February. While better-than-expected retail sales in New Zealand provided some support, global risk sentiment and U.S. market results are creating uncertainty. Traders are eyeing upcoming U.S. GDP data and New Zealand's business confidence survey for further direction.1

The NZD/USD climbed to 0.5740 in early March, gaining 0.63% due to a weakening U.S. dollar. Contributing factors include underwhelming U.S. job data and escalating U.S.-China trade disputes. Despite this rise, concerns over China’s economic slowdown and its impact on New Zealand’s economy could limit further gains.2

The New Zealand dollar showed resilience in late February as retail sales surged 0.9% in Q4 2024, marking the strongest gain in three years. Lower interest rates have spurred consumer spending, but the U.S. dollar's recent decline, driven by disappointing economic data, also played a role in stabilizing the NZD/USD.3