The New Zealand dollar rose to around $0.592 on Monday, extending its rebound from the previous session after hitting a more than two-month low. The gains came amid a relatively soft US dollar and as traders assessed the impact of new US tariffs. The greenback weakened last week following a disappointing US jobs report and President Donald Trump's dismissal of a top labor official, prompting markets to price in two potential Federal Reserve rate cuts, with the first expected in September. Meanwhile, the US is set to raise tariffs on New Zealand products to 15% from 10%, effective August 7, heightening concerns about the economic impact and putting New Zealand at a disadvantage in key exports. However, economists believe the effect will be manageable given currently strong commodity prices. Investors now await key domestic labor data due Tuesday, with the unemployment rate expected to climb to an over eight-year high of 5.3%.