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fxJun 26, 2026, 1:33 PM

NZD/USD Steadies After US Inflation Data, RBNZ Expectations Cap Gains

The New Zealand Dollar trades around 0.5650 after US inflation data, with expectations of a dovish RBNZ limiting further upside despite a weaker US dollar.

NZDUSD

NZD/USD is trading near 0.5650 on Friday, up 0.05% on the day, as the pair stabilizes following the release of US inflation figures. The data weighed on the US Dollar broadly, but the New Zealand Dollar remains under pressure.

Market expectations that the Reserve Bank of New Zealand (RBNZ) will hold rates steady—or even cut later this year—are capping any meaningful upside for the Kiwi. Traders are now focusing on upcoming RBNZ commentary and US data for direction.

Unless the RBNZ pivots hawkishly, NZD/USD gains may remain limited, with resistance likely near the 0.5700 handle.

Source: FXStreet Forex News