NZD/USD steadies near bottom of range as Dollar weakens on soft inflation and policy concerns
By: bitcoin ethereum news|2025/05/15 07:15:05
0
Share
The pair trades near the 0.5900 zone after trimming intraday losses amid mixed technical signals. Weak US inflation and speculation of a soft-Dollar policy weigh on the Greenback. Support at 0.5884; resistance seen at 0.5908 and 0.5928 with technicals pointing to possible rebound. The NZD/USD pair is hovering near the 0.5900 level after giving back earlier gains in Wednesday trading. The pair remains under modest pressure but shows signs of stabilization as price action consolidates near the lower end of the daily range. The subdued performance in the Kiwi comes as the US Dollar struggles across the board, weighed down by fresh speculation of a deliberate US Dollar weakening strategy and signs of a cooling inflation trend. Market focus remains on the broader narrative that the Trump administration may be supporting a weaker USD as part of its trade realignment push. Talks between US and South Korean officials regarding FX policy have triggered a wave of USD selling across Asia, adding pressure on the Greenback. The recent dip in US headline Consumer Price Index (CPI) to 2.3% year-over-year, the softest since February 2021, has also amplified rate cut expectations. Although the Fed is expected to remain on hold in the near term, swaps markets are still pricing in 75 basis points of easing over the next year, down from 125 bp last week. Meanwhile, New Zealand’s economic outlook remains clouded by expectations of a dovish shift from the Reserve Bank of New Zealand (RBNZ). Analysts widely anticipate the RBNZ to lower the Official Cash Rate (OCR) at its next policy meeting, citing weaker domestic growth prospects. With no major data from New Zealand this week, NZD price action is driven mostly by external developments, particularly the shifting sentiment around the US Dollar. Technical Analysis Technically, the NZD/USD pair is trading close to its daily low near 0.5896, within a broader range between 0.5884 and 0.5969. The Relative Strength Index (RSI) sits in neutral territory in the 50s, while the Moving Average Convergence Divergence (MACD) remains in negative territory, signaling downside momentum. However, Bull Bear Power is trending near the zero line, hinting at underlying buy conditions. The Stochastic Relative Strength Index (Stochastic RSI) – Fast also reflects a neutral posture. While the 20-day Simple Moving Average (SMA) points to continued bearishness, both the 100-day and 200-day Simple Moving Averages (SMAs) are aligned with a bullish bias, supported by the 30-day Exponential Moving Average (EMA) and 30-day SMA as well. Immediate support levels are seen at 0.5884, 0.5885, and 0.5885, while resistance lies at 0.5908, 0.5920, and 0.5928. With several long-term technical indicators signaling upside potential and the pair trading at a key support area, NZD/USD retains a mildly bullish bias, provided broader USD softness continues. Source: https://www.fxstreet.com/news/nzd-usd-steadies-near-bottom-of-range-as-dollar-weakens-on-soft-inflation-and-policy-concerns-202505142000
You may also like

AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition
When Bezos starts using AI to buy factories instead of building data centers, it shows that he believes the next wave of AI's value is not inside the box.

When Scaling Meets Speed, Ethereum Foundation Introduces "Hardness" to Safeguard the Base Layer
Hardness is a protocol-level commitment to Ethereum core properties, including censorship resistance, privacy, security, and permissionlessness.

Google, Circle, Stripe Flock Together to Let AI Spend Money: Payment Giants' Joys and Worries in 2026 Q1
The real enemy is no longer each other, but zero cost itself

$100 Billion Factory Purchase: Bezos and Middle Eastern Capital Shift AI Money from Cloud to Shop Floor
Bezos doesn't invest in a new model; he invests in a supply chain.

Xiaomi and MiniMax both unleash their ultimate moves, signaling the start of the Agent Pricing War.
No brand, no marketing, let developers vote with their feet in 8 days

Predicting markets has taken the spotlight, but the Perp DEX has been quietly waging war on traditional exchanges.
During a weekend of relentless volatility, while traditional financial markets were closed, another wave of investors was busy trading gold, oil, and silver on a blockchain platform.

Is the Market Slump Still Making Millions a Day? Is pump.fun's Revenue Real?
If it's really that profitable, what's keeping $PUMP's price down?

Understanding x402 and MPP in One Article: The Two Paths of Agent Payments
x402 for in-protocol payments, MPP for off-chain payments

Quick Look at the Latest 18 Graduation Projects from Alliance: Who's the Next Pump.fun?
The project's core innovation areas include stablecoin payments, AI applications, prediction markets, and RWA tokenization.

It's not just the prediction market that profits from the Iraq War
Always maintaining the ambiguity of regulation with "offshore" may be the consensus of the perp DEX.

The "bank card" of AI has caught the attention of the giants
AI has not learned how to spend money yet, and the people who fix banks for it have already arrived.

Morning News | U.S. SEC approves tokenized trading on Nasdaq; Animoca Brands announces investment in AVAX tokens; Algorand Foundation completes strategic integration
Overview of Important Market Events on March 19

$70 trillion wealth transfer, the financial gateway is being rewritten | Interview with Robinhood CEO Vlad Tenev
The next key competition in the financial sector may revolve around where the "intergenerational wealth transfer" of up to $90 trillion will ultimately flow.

Whale Opens 20x Oil Short on Hyperliquid With 5.6M USDC at Risk
Key Takeaways A significant leveraged short position on crude oil has been initiated on Hyperliquid using 5.6 million…

Bitcoin: The Ultimate Hedge Against Chaos
Key Takeaways Michael Saylor, co-founder of Strategy, firmly believes Bitcoin is the ultimate hedge against macroeconomic chaos. Strategy…

“Set 10 Major Targets First,” Whale Reopens Long Positions in Bitcoin
Key Takeaways A prominent cryptocurrency whale known as @Jason60704294 has reopened a long position in Bitcoin. The whale…

Analysis: Despite Bitcoin’s Price Dip, Bullish Trends Persist
Key Takeaways Despite Bitcoin’s decline below $71,000, its bullish momentum remains strong, with significant buying activity from ETFs…

DeFi Protocol Neutrl Faces Potential Security Breach
Key Takeaways The DeFi protocol Neutrl has reported a suspected attack on its front-end interface, urging users to…
AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition
When Bezos starts using AI to buy factories instead of building data centers, it shows that he believes the next wave of AI's value is not inside the box.
When Scaling Meets Speed, Ethereum Foundation Introduces "Hardness" to Safeguard the Base Layer
Hardness is a protocol-level commitment to Ethereum core properties, including censorship resistance, privacy, security, and permissionlessness.
Google, Circle, Stripe Flock Together to Let AI Spend Money: Payment Giants' Joys and Worries in 2026 Q1
The real enemy is no longer each other, but zero cost itself
$100 Billion Factory Purchase: Bezos and Middle Eastern Capital Shift AI Money from Cloud to Shop Floor
Bezos doesn't invest in a new model; he invests in a supply chain.
Xiaomi and MiniMax both unleash their ultimate moves, signaling the start of the Agent Pricing War.
No brand, no marketing, let developers vote with their feet in 8 days
Predicting markets has taken the spotlight, but the Perp DEX has been quietly waging war on traditional exchanges.
During a weekend of relentless volatility, while traditional financial markets were closed, another wave of investors was busy trading gold, oil, and silver on a blockchain platform.