The New Zealand dollar (NZD) has dropped below 0.5850 against the US dollar (USD) as President Trump announces new tariffs on China. This move has caused the NZD/USD pair to tumble in the foreign exchange market. Investors are closely monitoring the situation as these new tariffs could have a significant impact on trade relations between the two countries. The uncertainty surrounding the trade war has led to increased volatility in the currency market, with the NZD losing ground against the USD. Traders are advised to keep a close eye on developments in the ongoing trade dispute between the US and China as it continues to impact the NZD/USD exchange rate.
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