Uncertainty over global free trade and more cuts at the RBNZ will prove an ongoing headwind to the New Zealand Dollar.
The British Pound is trending higher against the New Zealand Dollar, bolstered by recent tariff developments.
The New Zealand Dollar is under pressure amidst a selloff in U.S. technology stocks, raising the prospect of a strong recovery in GBPNZD in the coming days.
The New Zealand Dollar (NZD) is expected to face a challenging road to recovery despite recent optimism about the country’s economic outlook, according to Jane Foley, Senior FX Strategist at Rabobank.