Core Points - The New Zealand dollar (NZD) has appreciated by 1.15% against the US dollar, reaching a value of 0.6082 [1] Currency Performance - NZD/USD: Current price is 0.6082, with a daily increase of +0.0069 and a daily range of 0.5999 - 0.6088. The 52-week range is 0.5487 - 0.6377 [2] - AUD/USD: Current price is 0.6548, with a daily increase of +0.0062 and a daily range of 0.6466 - 0.6552. The 52-week range is 0.5915 - 0.6941 [2] - EUR/USD: Current price is 1.1610, with a daily increase of +0.0066 and a daily range of 1.1523 - 1.1615. The 52-week range is 1.0178 - 1.1631 [2] - GBP/USD: Current price is 1.3616, with a daily increase of +0.0046 and a daily range of 1.3534 - 1.3622. The 52-week range is 1.2100 - 1.3631 [2] - USDCNH: Current price is 7.1786, with a daily decrease of -0.0091 and a daily range of 7.1773 - 7.1902. The 52-week range is 6.9651 - 7.4285 [2] - USD/CHF: Current price is 0.8092, with a daily decrease of -0.0011 and a daily range of 0.8089 - 0.8134. The 52-week range is 0.8039 - 0.9267 [2] - USD/JPY: Current price is 143.73, with a daily decrease of -0.34 and a daily range of 143.66 - 144.75. The 52-week range is 139.58 - 161.95 [2] - USD/CAD: Current price is 1.3542, with a daily decrease of -0.0042 and a daily range of 1.3535 - 1.3607. The 52-week range is 1.3293 - 1.4793 [2] - DXY (Dollar Index): Current value is 97.72, with a daily decrease of -0.43 and a daily range of 97.68 - 98.37. The 52-week range is 97.60 - 110.17 [2]

Report Industry Investment Rating - The outlook for the Australian dollar against the US dollar in the second half of 2025 is neutral to positive [2] Core Viewpoints - The Australian dollar has been weak since the beginning of this year but has seen a new upward trend since April 9 [1]. - The Reserve Bank of Australia cut interest rates by 0.25 percentage points in this week's meeting, and inflation remains stubborn [2]. - Good news in global trade, such as the Sino - US decision to significantly reduce tariffs, is beneficial to commodity currencies [2]. - If Sino - US trade relations continue to improve, it will be favorable for the currencies of countries with close trade relations with China, like the Australian dollar [2]. Section Summaries Australian Dollar Performance - In Q1, the Australian dollar against the US dollar fluctuated between 0.62 and 0.64, lacking upward momentum compared to European currencies [1]. - Since April 9, it rebounded from a low of 0.5915, rose for 7 consecutive days, broke through and stabilized above the 50 - day moving average, reached 0.6515 on May 7, and then dropped to 0.642 [1]. Central Bank Policy and Inflation - The Reserve Bank of Australia started cutting interest rates in February, paused in April, and cut rates by 0.25 percentage points this week, bringing the cash rate to 3.85% [2]. - Australia's Q1 consumer price index rose 2.4% year - on - year, slightly higher than the market expectation of 2.3% [2]. Trade News - China and the US decided to significantly reduce tariffs for 90 days after bilateral talks in Switzerland, with the US reducing tariffs on Chinese imports from 145% to 30% and China cutting tariffs on US imports from 125% to 10% [2]. - US Treasury Secretary said Sino - US negotiators may hold another meeting in a few weeks to discuss a more detailed trade agreement [2]. Outlook for the Australian Dollar - In the second half of 2025, if Sino - US trade relations improve, it will benefit the Australian dollar, with a support level of 0.61 and a resistance level of around 0.69 [2]. - In the short term, if the Australian dollar breaks through the 250 - day moving average of about 0.649, the next high is expected to be around 0.66 [2]

Core Viewpoint - The New Zealand dollar has appreciated over 0.8% against the US dollar [1] Group 1 - The New Zealand dollar's increase indicates a strengthening of the currency in the foreign exchange market [1]

Core Viewpoint - The US dollar experienced a decline against the Japanese yen, reaching a low of 147.38 yen, indicating a downward trend in the currency market [1] Currency Movements - The euro appreciated by 0.23% against the yen, while the British pound increased by 0.30% against the yen [1] - The euro rose by 0.90% against the US dollar, and the British pound increased by 0.98% against the US dollar [1] - The US dollar fell by 0.73% against the Swiss franc [1] - Among commodity currencies, the Australian dollar gained 1.53% against the US dollar, and the New Zealand dollar rose by 1.42% against the US dollar [1] - The US dollar decreased by 0.27% against the Canadian dollar [1]

Group 1 - The Australian dollar (AUD) against the US dollar (USD) has seen an intraday increase of 0.5%, currently trading at 0.6494 [1]