The NZDUSD is currently trading at around 0.5740 during the European hours on Thursday. This marks a recovery from losses experienced in the previous session. The uptick in the pair can be attributed to a strengthening New Zealand Dollar (NZD). Recent comments by Ding Xuexiang, the Vice Premier of China, indicated a commitment to implementing more proactive macroeconomic policies this year to boost economic growth.

As investor sentiment improves, traders are optimistic about the NZD’s potential, especially following China’s supportive stance towards the private sector. A stronger NZD can enhance New Zealand’s trade balance while the global markets remain buoyed by these positive developments.