15.05.2020 NZD/USD Daily Analysis

15.05.2020 NZD/USD Daily Analysis

For a three-week straight the kiwi went low of $0.5958 but was weighed by talk of negative interest rates next year. It's been struggling to pass over 60 cents and sat on $0.5996. The NZD/USD - New Zealand Dollar US Dollar is trading at $0.5993, going down by -0.0007 or by -0.12%. On Thursday, U.S. President Donald Trump said he supports the strong dollar, gains were extended for the U.S. dollar a day after the Federal Reserve Chair Jerome Powell rejected the idea of using interest rates despite Trump's vocal support. The USD/NZD - US Dollar New Zealand Dollar is trading at $1.6685, going up by +0.0032 or by +0.19%. In an interview with Fox Business Network on Thursday, U.S. President Donald Trump stated that he was disappointed with China's failure to contain the coronavirus, that this had cast a pall over the trade deal between the two countries. He suggested he could even cut off ties.