New Zealand Dollar extends winning streak against US Dollar, NZ Q3 CPI data in focus

New Zealand Dollar recovers further against the US Dollar to near 0.5670.
Investors keenly await the NZ Q3 CPI data scheduled for Thursday.
The US Dollar gains amid intensifying French fiscal risks.

The New Zealand Dollar (NZD) extends its winning streak against the US Dollar (USD) for the third trading day on Monday. The Kiwi pair jumps to near 0.5670 as the New Zealand Dollar outperforms amid strong demand for antipodeans.

New Zealand Dollar Price Today

The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the strongest against the Euro.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.13%	-0.06%	0.11%	-0.46%	-0.60%	-0.31%	0.11%
EUR	-0.13%		-0.19%	0.00%	-0.59%	-0.73%	-0.44%	-0.02%
GBP	0.06%	0.19%		0.19%	-0.41%	-0.56%	-0.26%	0.16%
JPY	-0.11%	0.00%	-0.19%		-0.55%	-0.79%	-0.41%	0.02%
CAD	0.46%	0.59%	0.41%	0.55%		-0.13%	0.14%	0.57%
AUD	0.60%	0.73%	0.56%	0.79%	0.13%		0.29%	0.72%
NZD	0.31%	0.44%	0.26%	0.41%	-0.14%	-0.29%		0.43%
CHF	-0.11%	0.02%	-0.16%	-0.02%	-0.57%	-0.72%	-0.43%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).

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This week, the strength in the antipodean will be tested by the New Zealand (NZ) Q3 Consumer Price Index (CPI) data, which will be released on Thursday. The inflation data is seen lower at 0.8% Quarter-on-Quarter (QoQ) from the previous reading of 1.5%. The data is expected to have a significant impact market expectations for the Reserve Bank of New Zealand’s (RBNZ) monetary policy outlook.

Meanwhile, the US Dollar trades marginally higher due to rising French fiscal concerns. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.12% higher to near 101.90.

10-year French bond yields are up 0.56% to near 4.88% amid civil unrest in France, increasing concerns of widening spreads with yields on bonds from other Eurozone nations.

On the monetary policy front, traders are confident that the Fed will keep interest rates steady in the policy meeting later this month, according to the CME FedWatch tool.

NZD/USD Technical Analysis

In the daily chart, NZD/USD trades at 0.5671. The pair has pushed back above the 20-day Exponential Moving Average (EMA) at 0.5652, shifting the near-term bias to the upside as price starts to build a base after last month’s lows. The Relative Strength Index (RSI) at 49.7 has recovered toward the neutral midline, suggesting fading downside pressure and room for a further corrective bounce while the pair holds over the reclaimed EMA support.

On the downside, immediate support is now aligned at the 20-day EMA around 0.5652, where a daily close back below would weaken the nascent bullish tone and expose a deeper pullback toward recent lows. With no nearby overhead technical barriers flagged, the focus stays on whether buyers can defend this moving-average floor to extend the recovery phase in the sessions ahead.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Economic Indicator

Consumer Price Index (QoQ)

The Consumer Price Index (CPI), released by Statistics New Zealand on a quarterly basis, measures changes in the price of goods and services bought by New Zealand households. The CPI is a key indicator to measure inflation and changes in purchasing trends. The QoQ reading compares prices in the reference quarter to the previous quarter. A high reading is seen as bullish for the New Zealand Dollar (NZD), while a low reading is seen as bearish.

Why it matters to traders?

With the Reserve Bank of New Zealand's (RBNZ) inflation target being around the midpoint of 2%, Statistics New Zealand’s quarterly Consumer Price Index (CPI) publication is of high significance. The trend in consumer prices tends to influence RBNZ’s interest rates decision, which in turn, heavily impacts the NZD valuation. Acceleration in inflation could lead to faster tightening of the rates by the RBNZ and vice-versa. Actual figures beating forecasts render NZD bullish.

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