{"id":30048,"date":"2026-03-06T09:02:46","date_gmt":"2026-03-06T09:02:46","guid":{"rendered":"https:\/\/www.vtmarketsglobal.com\/en\/uncategorized\/30048\/"},"modified":"2026-03-06T09:02:46","modified_gmt":"2026-03-06T09:02:46","slug":"during-asian-trading-nzd-usd-rises-near-0-5910-yet-middle-east-tensions-cap-gains-before-us-jobs-data","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/live-updates\/30048\/","title":{"rendered":"During Asian trading, NZD\/USD rises near 0.5910, yet Middle East tensions cap gains before US jobs data"},"content":{"rendered":"NZD\/USD rose to about 0.5910 in Asian trading on Friday. Further gains may be capped by the continuing Middle East conflict and risk-averse market moves.\n\nIran has fired missiles and drones across the Gulf region, hitting oil facilities and US assets in several countries. The conflict has spread to the United Arab Emirates, Bahrain, Qatar, Lebanon and Kuwait, while the US has said it is pushing to destroy Iran.\n\n<h3>Safe Haven Demand And Upcoming Data<\/h3>\nOngoing tension has supported demand for safe-haven assets, which can lift the US Dollar and weigh on NZD\/USD. The February US employment report is due later on Friday and may affect rate expectations.\n\nThe Reserve Bank of New Zealand kept interest rates unchanged at its February meeting and pointed to an accommodative stance. Markets are pricing a low chance of rate rises until late 2026.\n\nUS payrolls are expected to increase by 59,000 in February. The Unemployment Rate is forecast to stay at 4.3%, and weaker results could reduce support for the US Dollar versus the New Zealand Dollar.\n\nWe remember this time last year, around March 2025, when escalating conflict in the Middle East drove a significant flight to safety into the US Dollar. The situation has stabilized since the Riyadh Accord was signed last November, reducing the geopolitical risk premium that was priced into the greenback. This calmer backdrop allows us to focus more on central bank policy.\n\n<h3>Central Bank Policy And Trading Approach<\/h3>\nAt that time in 2025, we were looking at a very weak US jobs report, with February&#8217;s number coming in at just 35,000 against a 59,000 expectation. Today, the picture is reversed, with last month&#8217;s data for February 2026 showing a robust 210,000 jobs added and unemployment falling to 3.8%. This has put pressure on the Federal Reserve to consider a more hawkish stance in the coming months.\n\nThe Reserve Bank of New Zealand was signaling an accommodative stance back in early 2025, a view that held through their mid-year rate cut. However, with New Zealand&#8217;s latest quarterly inflation figures for Q4 2025 clocking in at a sticky 3.5%, the RBNZ&#8217;s dovishness is now being questioned. We anticipate a shift in tone at their next meeting, which could support the Kiwi dollar.\n\nGiven the shifting fundamentals, we see potential for NZD\/USD to test higher levels, despite the Fed&#8217;s renewed strength. Traders should consider buying call options on the pair to capitalize on potential upside while defining their maximum risk. Implied volatility has been moderate, suggesting option premiums are not excessively expensive at these levels.\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a>\u00a0now. <\/b>\n<p>\r\n\r\n<p><strong>Start trading now &#8211; Click <a href=\"https:\/\/www.vtmarketsglobal.com\/en\/trade-now\/\">here<\/a> to create your real VT Markets account <\/strong> <\/p>\r\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>NZD\/USD rises near 0.5910; Middle East conflict caps gains; US jobs data may sway dollar outlook.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-30048","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/30048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=30048"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/30048\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=30048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=30048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=30048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}