The New Zealand dollar rose toward $0.602 on Monday, snapping a two-day decline, as investors assessed a possible extension in US-China tariff pause and the newly announced US-EU trade deal. US and Chinese negotiators are set to meet in Stockholm later today, aiming to extend a truce keeping sharply higher tariffs at bay ahead of the August 12 deadline. Any progress in talks would likely support the Kiwi, given New Zealand’s strong trade ties with China - its largest export market. Meanwhile, the US and EU struck a framework trade agreement on Sunday that sets a 15% tariff on most EU goods, half the threatened rate. On the domestic policy front front, markets are pricing in a roughly 75% chance that the Reserve Bank of New Zealand will cut its 3.25% cash rate by 25bps at its August meeting, though investors believe the easing cycle is nearing its end.