The New Zealand dollar has demonstrated remarkable resilience in relation to its Australian counterpart, as market dynamics show reduced tariff risks for NZ. Analysts from ING highlight that despite the Reserve Bank of New Zealand’s dovish stance—potentially implementing cuts of up to 75 basis points—the NZD is behaving like a lower-beta version of the AUD. Traders are advised to watch these developments closely, as any changes in trade headlines could impact both currencies significantly, influencing future trading strategies in this space.