NZD/USD Dips Ahead of US-China Presidential Meeting; RBNZ Hike Probability Rises
What happened
The NZD/USD pair dipped as investors awaited the meeting between Donald Trump and Xi Jinping. The probability of the Reserve Bank of New Zealand hiking rates in October climbed to 87%. Separately, Brent crude futures fell 0.9% to $102.16 a barrel, and West Texas Intermediate futures eased 0.8% to $91.39. Both events were reported on September 24, 2026.
From econotimes.com
Why it matters
The meeting between Donald Trump and Xi Jinping is significant because China is New Zealand’s largest export market. The outcome of the talks is expected to influence sentiment surrounding antipodean currencies, providing impetus to the market.
From econotimes.com
Who's involved
- Donald TrumpPresident of the United States meeting with his Chinese counterpart
- Xi JinpingChinese counterpart meeting with the US President
- Reserve Bank of New ZealandCentral bank whose October rate hike probability increased
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- KIWISpeculative
Market sentiment shifts due to the leader meeting could cause the NZD/USD pair to dip, impacting the currency's core business.
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The entities involved
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Xi Jinping
General Secretary of the Chinese Communist Party since 2012 (born 1953)
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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Reserve Bank of New Zealand
central bank of New Zealand
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KIWI
operating system image and appliance builder