NZD/USD Gains as BusinessNZ Services PMI Returns to Expansion at 50.6 in June
The New Zealand dollar gained against the US dollar on Monday, after New Zealand's BusinessNZ Performance of Services Index rose to 50.6 in June from an upwardly revised 48.0 in May, marking the sector's first expansion since January and lifting sentiment toward the kiwi. From the US front, Federal Reserve Vice Chair Michelle Bowman on Monday warned global financial watchdogs, specifically the Financial Stability Board, or FSB, against enforcing uniform, "strict rules" across diverse countries. In Monday's G10 trading, NZD rose against all other currencies. The mild event for the kiwi will be the NZIER Business Confidence for the second quarter of 2026, due on Tuesday. For the USD, the major events will be the inflation data for June and testimony of Federal Reserve Chair Kevin Warsh, also due on Tuesday. The NZD/USD pair was trading at 0.57841, with a 0.37% gain during Monday's American trading hours at the time of writing.
The New Zealand dollar gained against the US dollar on Monday, after New Zealand's BusinessNZ Performance of Services Index rose to 50.6 in June from an upwardly revised 48.0 in May, marking the sector's first expansion since January and lifting sentiment toward the kiwi.
From the US front, Federal Reserve Vice Chair Michelle Bowman on Monday warned global financial watchdogs, specifically the Financial Stability Board, or FSB, against enforcing uniform, "strict rules" across diverse countries.
In Monday's G10 trading, NZD rose against all other currencies.
The mild event for the kiwi will be the NZIER Business Confidence for the second quarter of 2026, due on Tuesday.
For the USD, the major events will be the inflation data for June and testimony of Federal Reserve Chair Kevin Warsh, also due on Tuesday.
The NZD/USD pair was trading at 0.57841, with a 0.37% gain during Monday's American trading hours at the time of writing.