REDATOR Ben Graham Posted September 9, 2025 REDATOR Report Share Posted September 9, 2025 The New Zealand dollar added gains earlier today but was unable to consolidate. NZD/USD is trading at 0.5927, down 0.19% on the day. The New Zealand dollar has surged as much as 1.9% since Thursday.New Zealand manufacturing sales slides New Zealand's manufacturing sector continues to struggle. Manufacturing sales fell sharply in the second quarter with a 2.9% decline. This was a sharp reversal from the 4.8% in Q1 and well below the market estimate of 4.5% increase.Manufacturing sales were broadly lower across the sector and are expected to weigh on second-quarter GDP, which will be released next week. The Reserve Bank of New Zealand lowered the cash rate to 3.0% last month as it continues to be aggressive. The RBNZ has chopped 225 basis points in the current easing cycle and is expected to continue easing in order to boost the weak economy.The RBNZ meets next on October 20 and the the third-quarter inflation report just a few days prior will be critical. Inflation jumped to 2.7% in Q2 but that is still within the Reserve Bank's target band of 1-3%. If inflation moves lower, the central bank will have greater flexibility to deliver another rate cut in October.In the US, the Federal Reserve is poised to deliver a rate hike next week for the first time since December 2024. The weak nonfarm payrolls report has raised the likelihood of a half-point cut to 12%, with a quarter-point cut priced in at 88%, according to CME's FedWatch.NZD/USD Technical NZD/USD has pushed below support at 0.5935 and is testing 0.5937. Below, there is support at 0.5915There is resistance at 0.5947 and 0.5955 NZDUSD 4-Hour Chart, September 9, 2025 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2025 OANDA Business Information & Services Inc. Visitante_4361440c and Visitante_eb8493dd 1 1 1 Perfeito! Obrigado! Amei! Haha Confuso :/ Vixi! Wow! Gostei! × 💬 Gostou do conteúdo? Sua avaliação é muito importante! Gostei! Perfeito! Obrigado! Amei! Haha Confuso :/ Vixi! Wow! Quote Link to comment Share on other sites More sharing options...
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