New Zealand Dollar declines against US Dollar despite hopes of US-Iran deal
- The New Zealand Dollar slides to near 0.5855 against the US Dollar even as US-Iran deal hopes have improved.
- US President Trump said there is a very good chance that Washington could reach a deal with Iran.
- Investors await FOMC minutes for fresh cues on the US interest rate outlook.
The New Zealand Dollar (NZD) resumes its downside journey against the US Dollar (USD) on Tuesday after a recovering move the previous day, trading 0.33% lower to near 0.5855 during the Asian trading session. The Kiwi pair faces selling pressure as the US Dollar (USD) bounces back even as the latest comments from United States (US) President Donald Trump indicate that a deal with Iran is around the corner.
New Zealand Dollar Price Today
The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.12% | 0.13% | 0.06% | 0.04% | 0.38% | 0.30% | 0.14% | |
| EUR | -0.12% | 0.02% | -0.04% | -0.07% | 0.29% | 0.20% | 0.03% | |
| GBP | -0.13% | -0.02% | -0.06% | -0.09% | 0.24% | 0.19% | 0.00% | |
| JPY | -0.06% | 0.04% | 0.06% | -0.04% | 0.30% | 0.24% | 0.06% | |
| CAD | -0.04% | 0.07% | 0.09% | 0.04% | 0.34% | 0.27% | 0.10% | |
| AUD | -0.38% | -0.29% | -0.24% | -0.30% | -0.34% | -0.06% | -0.24% | |
| NZD | -0.30% | -0.20% | -0.19% | -0.24% | -0.27% | 0.06% | -0.18% | |
| CHF | -0.14% | -0.03% | -0.01% | -0.06% | -0.10% | 0.24% | 0.18% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).
As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.15% higher to near 99.10.
On late Monday, US President Trump said that he delayed planned strikes on Iran after a “very positive development” in talks and that there was “a very good chance” they could reach a deal, The Guardian reported.
This came after he announced that planned attacks on Iran have been delayed, following requests from Saudi Arabia, Qatar, UAE and some others.
The US Dollar regains strength after a sharp correction the previous day, as oil prices remain broadly higher. Rising oil prices are keeping global inflation expectations elevated and have forced traders to price out the possibility of interest rate cuts by the Federal Reserve (Fed) for the year.
For more cues on the Fed’s monetary policy outlook, investors await Federal Open Market Committee (FOMC) minutes of the April policy meeting, which will be released on Wednesday.
In New Zealand (NZ), the Q1 Producer Price Index (PPI) – Input has come in significantly higher at 1.4% against 0.8% estimates after contracting by 0.5% in the last quarter of 2025. Rising inflation at the producer level will likely boost the hopes an interest rate hike by the Reserve Bank of New Zealand (RBNZ) in the near term.
Economic Indicator
FOMC Minutes
FOMC stands for The Federal Open Market Committee that organizes 8 meetings in a year and reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.
Next release: Wed May 20, 2026 18:00
Frequency: Irregular
Consensus: -
Previous: -
Source: Federal Reserve
Minutes of the Federal Open Market Committee (FOMC) is usually published three weeks after the day of the policy decision. Investors look for clues regarding the policy outlook in this publication alongside the vote split. A bullish tone is likely to provide a boost to the greenback while a dovish stance is seen as USD-negative. It needs to be noted that the market reaction to FOMC Minutes could be delayed as news outlets don’t have access to the publication before the release, unlike the FOMC’s Policy Statement.