New Zealand Dollar Rises on Weaker Greenback

2025-09-05 02:46 By Judith Sib-at 1 min. read

The New Zealand dollar appreciated to $0.587 on Friday, drawing support from a broadly weaker US dollar ahead of the highly anticipated US non-farm payrolls report later in the day.

The data will be closely monitored as it could influence the Federal Reserve’s upcoming policy decision, with traders widely expecting an interest rate cut later this month.

Domestically, however, expectations of further monetary easing by the Reserve Bank of New Zealand continued to limit gains for the kiwi.

Markets are pricing in a rate cut at the central bank’s next meeting in October, with rates seen falling to around 2.50% by early next year.

The currency has been on the defensive since the RBNZ lowered its official cash rate to 3.0% last month and signaled scope for more cuts to stimulate a sluggish economy.

Despite Friday’s uptick, the New Zealand dollar is still down 0.5% for the week, reflecting a tug-of-war between external support and domestic headwinds.



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