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fxJun 18, 2026, 2:20 AM

NZD/USD Rises to Near 0.5800 on Strong NZ GDP, US-Iran Peace Deal

The New Zealand Dollar strengthened against the US Dollar, climbing to around 0.5790 during Asian trading after upbeat annual GDP data and news of a US-Iran agreement to end the war boosted risk appetite.

NZDUSD

The NZD/USD pair gained traction during Asian hours on Thursday, approaching the 0.5800 level. The New Zealand Dollar (NZD) found support from better-than-expected annual GDP data, while a reported agreement between the US and Iran to end the war improved risk sentiment, weighing on the safe-haven US Dollar.

New Zealand's GDP figures showed a positive surprise, reinforcing expectations that the Reserve Bank of New Zealand may hold off on further rate cuts. Meanwhile, the broader risk-on mood pushed traders toward higher-yielding currencies including the NZD.

At the time of writing, NZD/USD was trading near 0.5790 with resistance seen at the 0.5800 round number. Any further upside will depend on upcoming US economic data and developments regarding the US-Iran deal.

Source: FXStreet Forex News