NZD/USD Hits Two-Month Low on US Tariffs and Strong Jobs Data

NZD/USD slid to two-month lows near 0.5850 on June 5 after renewed US tariff threats on agricultural imports reignited risk aversion and safe-haven flows into the dollar. The decline began June 2 when stronger-than-expected US non-farm payrolls (+353k) pushed the pair below 0.6100 and widened rate differentials; a brief rebound on upbeat China PMI June 3 proved fleeting as US-Iran tensions and hawkish Fed comments drove price through the 50-day MA and 0.5900 handle. By June 4 the kiwi had broken its 50- and 200-day SMAs, and fresh tariff headlines plus another robust US jobs print (+303k) sealed the two-month low.