NZD/USD holds steady around 0.5675-80 area, above multi-week low ahead of Trump's tariffs
Portfolio Pulse from
The NZD/USD currency pair is trading around 0.5675-0.5680, influenced by mixed economic signals including improved Chinese manufacturing PMI, potential Fed rate cuts, and anticipation of Trump's reciprocal tariffs. Traders are awaiting key US economic data releases like JOLTS Jobs Openings and ISM Manufacturing PMI.
April 01, 2025 | 5:00 am
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NEUTRAL IMPACT
Forex-focused ETFs like FXB may experience volatility due to ongoing trade tensions and potential shifts in monetary policy.
The article's focus on currency market dynamics suggests potential impact on forex-related ETFs, though no direct causation is specified.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50