NZD's roller coaster ride likely to continue as tariff uncertainty grips markets

(Image: Unsplash)

Mon, 12 May 2025

The New Zealand dollar’s roller coaster ride will likely continue as trade war fears wax and wane. The NZ dollar (NZD) touched a high of 60.22 US cents last Wednesday but was trading at 59.15 US cents early Monday – largely unchanged from Friday – as the market awaited news on US-China talks. The NZD fell to 55 US cents in early April after the US tariff announcements. On a trade-weighted basis, it traded in a 6% range over the past month, according to Westpac Bank. "The volatility in the exchange ra...

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