The New Zealand dollar continued its downward trend, settling around $0.572 on Tuesday, close to its lowest point in a week. This decline is influenced by the anticipation of a more relaxed monetary policy from the Reserve Bank of New Zealand (RBNZ) and the impending reciprocal tariffs from the United States, which pose a challenge for the export-dependent currency. U.S. President Trump's announcement included tariffs on automobiles, pharmaceuticals, and other sectors, although he indicated that some countries might be eligible for exemptions or reductions, potentially as soon as April 2. Domestically, even though last week's GDP data was robust, the market still expects additional easing measures from the central bank. The policymakers, during their February meeting, suggested two interest rate cuts of 25 basis points each in April and May, with the possibility of a third cut later in the year. On a brighter note, the New Zealand dollar may receive support from anticipated fiscal stimuli in China aimed at boosting consumption; given China's significant role as a trade partner, such measures could potentially increase demand for New Zealand exports.