The post NZD/USD weakens below 0.5850 amid Iran war concerns, Fed rate decision looms appeared on BitcoinEthereumNews.com.

The NZD/USD pair attracts some sellers to around 0.5820 during the early European trading hours on Tuesday. The US Dollar (USD) edges higher against the Kiwi as traders weigh developments in the Iran war. The US Federal Reserve (Fed) interest rate decision will take center stage later on Wednesday, with no change in rates expected.  The Middle East as the US-Israeli war on Iran entered its third week. Markets seem worried that a surge in Crude Oil prices following the US-Israel strikes on Iran would revive inflationary pressures and force the US central bank to delay cutting interest rates. The Fed is expected to keep its benchmark interest rate unchanged in the current range of 3.50% to 3.75% on Wednesday. Traders will closely monitor Fed Chair Jerome Powell’s remarks after the rate decision. The press conference on Wednesday may be Powell’s second to last, as his term as chair is set to end in May. Any hawkish comments from Fed officials could lift the Greenback and act as a headwind for the pair in the near term. The attention will shift to New Zealand’s Gross Domestic Product (GDP) for the fourth quarter (Q4) on Thursday. The quarterly and annual GDPs are projected to grow by 0.4% and 1.6%, respectively. If the reports show stronger-than-expected outcomes, this could boost the Kiwi against the USD.  New Zealand Dollar FAQs The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and the country’s central bank policy. Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand’s biggest trading partner. Bad news for the Chinese economy likely means less New Zealand…

---

Filed under: News - @ March 17, 2026 7:30 am