The New Zealand Dollar (NZD) has perked up since Wednesday’s slump to 0.5830 retracing moves into Friday to 0.5885 against the US Dollar (USD) as the greenback is sold. The Dollar getting a double hit of bad news with poor jobs data increasing by 224k last week and further rhetoric around Trump tariff implications. The USD may continue to come under selling pressure ahead of the Non-Farm Payroll release in the morning. The kiwi may target the weekly open at 0.5915 in the coming hours.
The current interbank midrate is: NZDUSD 0.5882
The interbank range this week has been: NZDUSD 0.5828- 0.5915