
- NZD/USD depreciates as the US Dollar receives support from Trump’s potential fiscal policies.
- The NZD struggles as the Trump administration may impose a 60% tariff on imports from China.
- Trump’s proposed fiscal policies could lead the Fed to adopt a more hawkish monetary policy.
The NZD/USD pair remains subdued near 0.5950 during European trading hours on Tuesday. Concerns are mounting that President-Elect Donald Trump’s expected tariff increases on Chinese goods could pressure the NZD, given New Zealand’s close trade relationship with China.
Morgan Stanley’s analysis divides the Trump administration’s macroeconomic policies into three primary areas: tariffs, immigration, and
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