FX.co ★ Kiwi Dollar Hovers at 4-Week Low

The New Zealand dollar was valued at approximately $0.567 on Tuesday, staying close to its lowest point in four weeks as market sentiment remained cautious ahead of new US tariff announcements. President Trump indicated on Sunday that the forthcoming reciprocal tariffs, scheduled for Wednesday, would affect almost every nation, dampening earlier market optimism that the tariffs might be more restricted. Domestically, expectations continue for further monetary policy easing by the Reserve Bank of New Zealand, with market analysts predicting at least two interest rate reductions by year's end. In parallel, private sector data indicated that factory activity has increased to a four-month high, supported by government data showing manufacturing growth has achieved its highest pace in a year. Positive data from China, New Zealand’s largest trading partner, also provided some support against potential losses.