新西兰基准标准普尔/NZX 50指数周二收于12789点，上涨0.9%，连续第三个交易日上涨，为2月21日以来的最高水平。在美国和中国同意在未来三个月大幅降低对彼此商品的巨额关税后，美国股市出现反弹，缓解了人们对长期贸易战的担忧。鉴于中国是新西兰最大的贸易伙伴，这一消息也受到了当地投资者的欢迎。运输类股领涨，Mainfreight上涨4.2%，Freightways上涨4%，Tauranga港上涨1.8%。其他显著上涨的公司包括医疗器械制造商斐雪派克医疗保健公司（2.8%）、公用事业提供商Vector（2.7%）和老年护理提供商Summerset Group（3.1%）。

New Zealand's benchmark S&P/NZX 50 index closed 0.9% higher at 12,789 on Tuesday, marking its third straight session of gains and the highest level since February 21. The index followed a rally in U.S. equities amid easing fears of a prolonged trade global war after the U.S. and China have agreed to drastically reduce the massive tariffs on each other's goods for the next three months. The news was also well-received by local investors given China's status as New Zealand’s largest trading partner. Transportation stocks led the charge, with Mainfreight jumping 4.2%, Freightways advancing 4%, and Port of Tauranga rising 1.8%. Other notable gainers included medical-device maker Fisher & Paykel Healthcare (2.8%), utility provider Vector (2.7%), and aged-care provider Summerset Group (3.1%).

新西兰元周二上涨至0.587美元左右，此前因美元走强，上一交易日下跌0.9%。在美国和中国达成停战协议暂时降低互惠关税后，美元走高，这降低了美国经济衰退的风险。新西兰最大贸易伙伴中国需求疲软的迹象也给新西兰元带来了压力。周末公布的中国数据显示，消费者价格连续第三个月下降，生产者价格指数出现六个月来最大跌幅。在国内方面，由于预计新西兰储备银行将在本月晚些时候降息25个基点，人民币仍面临压力。目前3.5%的现金利率预计到年底将降至2.8%。

The New Zealand dollar rose to around $0.587 on Tuesday after falling 0.9% in the previous session on a strong U.S. dollar. The greenback advanced after the U.S. and China struck a truce to reduce reciprocal tariffs temporarily, which has lessened the risk of a U.S. recession. Signs of weakening demand from China, New Zealand's largest trading partner, also weighed on the Kiwi. Chinese data released over the weekend showed a third consecutive monthly decline in consumer prices and the steepest drop in producer prices in six months. On the domestic front, the currency remains under pressure amid expectations that the Reserve Bank of New Zealand will cut interest rates by 25bps later this month. The current 3.5% cash rate is expected to fall to 2.8% by year-end.

周二上午的交易中，新西兰股市上涨104点，涨幅0.8%，至12780点，连续第三天上涨，追随美国和中国在贸易谈判后宣布关税停战后华尔街隔夜的反弹。新西兰元50指数徘徊在2月20日以来的最高水平，因为华盛顿和北京之间的贸易协议缓解了对全球经济衰退的担忧，并增加了新西兰摆脱衰退的希望。然而，交易员预计，4月份食品通胀数据将在本周晚些时候公布，此前该数据在3月份升至14个月来的最高水平。几乎所有行业都转向了绿色发展，其中医疗保健和通信服务业占主导地位。表现最好的是Mainfreight（3.1%）、Ryman Healthcare（2.4%）、Fisher&Paykel（2.3%）、澳新银行集团（1.7%）、Freightways（1.5%）、Infratil（1.4%）、Summerset集团（1.2%）和Skellerup（1.1%）。

New Zealand's shares climbed 104 points, or 0.8%, to 12,780 in Tuesday morning deals, gaining for the third day, tracking a rally on Wall Street overnight after the US and China announced a tariff truce following trade negotiations. The NZX 50 lingered at its highest level since February 20, as the trade deal between Washington and Beijing eased fears of a global recession and raised hopes that New Zealand would emerge from recession. However, traders anticipate that April food inflation data will be released later this week, after it rose to the highest in 14 months in March. Almost all sectors moved into the green, led by healthcare and communications services. Among the best performers were Mainfreight (3.1%), Ryman Healthcare (2.4%), Fisher & Paykel (2.3%), ANZ Group (1.7%), Freightways (1.5%), Infratil (1.4%), Summerset Group (1.2%), and Skellerup (1.1%).

周一，新西兰元跌至0.589美元左右，受美元走强的压力，收复了最近一个交易日的涨幅。美元飙升，因投资者对美中在90天暂停期间降低相互关税的协议表示欢迎，缓解了对两个超级大国之间破坏性贸易争端的担忧。进一步拖累新西兰元的是，来自中国的数据显示，消费者价格连续第三个月下降，生产者价格出现六个月来最大跌幅，突显出新西兰最大贸易伙伴的国内需求疲软。在国内，随着对储备银行进一步降息的预期增加，人民币仍面临压力。上周的数据显示，劳动力市场状况有所缓解，工资增长放缓，强化了央行本月降息25个基点的预期。市场还预计，到年底，利率将降至3%，2025年将再降息三次。

The New Zealand dollar fell to around $0.589 on Monday, giving back gains from the recent session, pressured by a stronger US dollar. The greenback surged as investors cheered a US-China agreement to reduce mutual tariffs during a 90-day pause, alleviating concerns of a disruptive trade dispute between the two superpowers. Weighing further on the kiwi, data from China revealed a third consecutive monthly decline in consumer prices and the steepest drop in producer prices in six months, highlighting weak domestic demand from New Zealand’s top trading partner. Domestically, the currency remained under pressure as expectations grew for further rate cuts by the Reserve Bank. Data from last week indicated easing labor market conditions and softer wage growth, reinforcing the central bank’s expectation of a 25bps rate cut this month. Markets also anticipate rates to fall to 3% by year-end, with three additional cuts priced in for 2025.