The New Zealand Dollar is making a notable comeback, rising over 1% this Tuesday and nearly 2.5% from the lows seen on Monday. This bullish trend follows the announcement of a complete ceasefire in the Middle East, which has triggered a relief rally and diminished demand for the US Dollar. President Trump’s remarks thanking Iran for its contained response have contributed to the current positive market sentiment.

This surge in the NZD/USD pair highlights the impact of geopolitical developments on currency movements. As risk appetite grows, traders must continue to assess how evolving news will affect their positions.

Keep an eye on the NZD/USD as it navigates these changes in sentiment and market dynamics.