NZD/USD weakens to near 0.5700 as Trump's tariffs loom
Portfolio Pulse from
The NZD/USD currency pair weakened to around 0.5705 as markets anticipate potential new US tariffs on Chinese goods. President Trump plans to announce 'reciprocal' tariffs on Wednesday, which could escalate trade tensions. Offsetting this negative sentiment, recent Chinese economic data showed slight improvements in Manufacturing and Non-Manufacturing PMI, with China also pledging fiscal stimulus.
March 31, 2025 | 5:00 am
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NEGATIVE IMPACT
Currency-focused ETFs like FXB might experience increased volatility due to potential new US tariffs and shifting trade dynamics between the US and China.
The anticipated tariffs and geopolitical tensions could create uncertainty in currency markets, potentially leading to short-term negative pressure on currency-related ETFs.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50