07 Aug 2025
0.5930NZD/USD weakens to below 0.5950 ahead of RBNZ Inflation Expectations release
NZD/USD softens to near 0.5930 in Thursday’s Asian session.
Trump threatens China with an extra 25% tariff over Russian oil buys.
RBNZ Inflation Expectations for Q3 and the US weekly Initial Jobless Claims report will be the highlights later on Thursday.
The NZD/USD pair trades on a softer note around 0.5930 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) amid renewed tensions between the United States (US) and China. Traders brace for the Reserve Bank of New Zealand (RBNZ) Inflation Expectations for the third quarter (Q3) and the US weekly Initial Jobless Claims report, which are due later on Thursday.
US President Donald Trump said late Wednesday that he could impose further tariffs on China similar to the 25% levies announced earlier on India over its purchases of Russian oil, depending on what happens, per Reuters. Traders will closely watch the developments surrounding US tariffs. Any signs of escalating trade tensions between the world’s two largest economies could exert some selling pressure on the China-proxy Kiwi, as China is a major trading partner of New Zealand.
