New Zealand dollar remains relatively unchanged  

Daily Currency Update

The New Zealand dollar is slightly stronger this morning when valued against the Greenback, currently trading at US$0.5726 at time of writing. Wednesday saw the NZDUSD continue its upward momentum for the second consecutive day. The NZDUSD pair was supported by improved trader sentiment after S&P Global Ratings projected that New Zealand and several regional economies would be less affected by US tariffs. The NZD could also find support from anticipated Chinese stimulus measures aimed at boosting consumption. The Chinese Communist Party and State Council have proposed initiatives to "vigorously boost consumption" by increasing wages and easing financial burdens, an effort that could benefit New Zealand exports given China’s role as a key trade partner. Consumer spending growth in China has picked up pace, providing some relief to a government looking to cushion the impact of Donald Trump’s tariffs while grappling with double-digit youth unemployment and the fallout from a property collapse. Chinese leaders have maintained their economic growth target of “around 5%” for 2025, although analysts question the feasibility of this goal given headwinds from export pressure, sluggish domestic demand and an ongoing property crisis.