USD/BZD Price & Performance (USDBZD)

The NZD/USD has been trading lower, hovering around 0.5810, as geopolitical risks in the Middle East intensify. The U.S. Dollar has gained strength amid these uncertainties, while mixed domestic data in New Zealand, including a contraction in the services sector, adds to the pair's challenges. Traders await upcoming GDP data for further cues.1

New Zealand's retail sales recorded a 0.9% quarterly increase in Q4 2024, marking the strongest growth in three years. This recovery reflects the impact of lower interest rates, which have improved consumer confidence. However, mixed U.S. economic data, including a drop in services PMI, adds complexity to the NZD/USD trading outlook.2

The NZD/USD remains unstable as Wall Street's performance and risk-off sentiment dominate market dynamics. While the pair saw bullish momentum earlier this week, sustained gains depend on broader market shifts, including U.S. economic indicators and USD/CNH trends. Investors are closely watching for clarity in global currency movements.3