NZD/USD extends seven-day winning streak, hits four-month high near 0.6000

FXStreetJan 26, 2026 6:15 PM

NZD/USD posts strong gains at the start of the week, supported by a broad-based decline in the US Dollar.
Markets expect the Federal Reserve to keep monetary policy unchanged this week.
Stronger New Zealand inflation revives expectations of monetary tightening in New Zealand.

NZD/USD trades around 0.5990 on Monday at the time of writing, up 0.75% on the day. The pair extends a seven-day winning streak and earlier touched a fresh four-month high at 0.6000. The move is mainly driven by a sharp weakening of the US Dollar (USD) at the start of a week dominated by the Federal Reserve’s (Fed) monetary policy decision.

The Greenback underperforms against all major currencies, weighed down by a combination of political and monetary factors. Persistent uncertainty surrounding trade tensions, budget debates in Washington and the independence of the US central bank continues to erode investor confidence in the US Dollar. Against this backdrop, the US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, remains near its lowest levels seen in several months.

Market attention now turns to the Fed meeting scheduled for Wednesday. Investors widely expect interest rates to remain unchanged, following several cumulative rate cuts at recent meetings. The tone of the statement and comments from Chair Jerome Powell will be closely watched for clues on the future direction of monetary policy.

At the same time, the New Zealand Dollar (NZD) is receiving stronger domestic support. The latest inflation data from New Zealand showed an acceleration in price pressures in the fourth quarter, with the Consumer Price Index (CPI) coming in above expectations. This has revived speculation that the Reserve Bank of New Zealand (RBNZ) could consider an interest rate hike in the medium term, or at least maintain a more restrictive bias than previously anticipated.

In an environment where investors are reducing exposure to the US Dollar, the pair continues to benefit from an increasingly favorable monetary policy outlook for the New Zealand Dollar.

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 Canadian Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.56%	-0.44%	-1.22%	0.05%	-0.60%	-0.79%	-0.79%
EUR	0.56%		0.13%	-0.64%	0.61%	-0.04%	-0.24%	-0.23%
GBP	0.44%	-0.13%		-0.76%	0.48%	-0.17%	-0.36%	-0.35%
JPY	1.22%	0.64%	0.76%		1.28%	0.61%	0.44%	0.43%
CAD	-0.05%	-0.61%	-0.48%	-1.28%		-0.65%	-0.83%	-0.83%
AUD	0.60%	0.04%	0.17%	-0.61%	0.65%		-0.19%	-0.15%
NZD	0.79%	0.24%	0.36%	-0.44%	0.83%	0.19%		0.00%
CHF	0.79%	0.23%	0.35%	-0.43%	0.83%	0.15%	-0.00%

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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