NZD
Market Analysis, NZD, Technical Analysis, USD
New Zealand Dollar weakens below 0.5550, traders brace for US PPI data
The NZD/USD pair declines to near 0.5545 during the Asian trading hours on Friday. Growing bets of a larger Federal Reserve (Fed) rate hike in December provide some support to the US Dollar (USD) and act as a headwind for the pair. Traders will keep an eye on the US October Producer Price Index (PPI) […]
by Currency Hedger
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- 1 hour ago
Market Analysis, NZD, USD
New Zealand Dollar strengthens despite decreasing RBNZ rate hike odds
NZD/USD inches higher after posting over 0.5% losses in the previous day, trading around 0.5600 during Asian hours on Wednesday. However, the upside for the currency pair could remain capped as the New Zealand Dollar (NZD) faces potential headwinds. A potential decline in oil prices is helping to curb inflationary pressures, which in turn reduces […]
by Currency Hedger
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- 2 days ago
Market Analysis, NZD, Technical Analysis, USD
New Zealand Dollar Holds Gains as Election Outlook and Improved Risk Appetite Support Kiwi
The New Zealand dollar remains around $0.563 after recording its largest one-day gain since April, with political developments and improved global risk appetite providing support. The incumbent National Party has gained an early advantage in its bid to retain power, raising expectations that the Reserve Bank of New Zealand (RBNZ) will maintain its current inflation-focused […]
by Currency Hedger
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- 3 days ago
AUD, EUR, GBP, JPY, Market Analysis, NZD, Technical Analysis, USD
South Korean Won Leads Currency Gains as Dollar Index Retreats – Global FX Market Update
Global currency markets are showing broad-based gains across several major currencies, with the South Korean won leading the advance after strengthening by 0.82%. The New Zealand dollar followed with a 0.79% increase, while the Australian dollar gained 0.34%. The British pound and Japanese yen both advanced by 0.17%, while the euro recorded a smaller gain […]
by Currency Hedger
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- 4 days ago
Market Analysis, NZD, Technical Analysis, USD
New Zealand Dollar Recovers Towards 0.558 as Election Results Support Political Continuity – Monday Market Outlook
The New Zealand dollar rises towards US$0.558 on Monday, attempting to recover from a more than one-year low recorded on Friday as preliminary election results improve the prospects of political continuity. The incumbent centre-right National Party, led by Prime Minister Christopher Luxon, has emerged as the largest party following the weekend election. Although neither major […]
by Currency Hedger
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- 4 days ago
AUD, GBP, JPY, NZD
New Zealand Dollar Leads Currency Declines as US Dollar Strengthens Across Global FX Markets
The New Zealand dollar is leading losses across major currencies, declining by 0.61% as the US dollar strengthens against a broad group of international peers. The Australian dollar is also under pressure, falling 0.53%, while the Polish zloty, euro, British pound and Japanese yen are recording smaller declines. The latest currency movements indicate a broad-based […]
by Currency Hedger
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- 7 days ago
Market Analysis, NZD, Technical Analysis, USD
New Zealand Dollar Falls to $0.558 as Election Uncertainty and RBNZ Policy Concerns Weigh on Kiwi
The New Zealand dollar slipped to $0.558 on Friday, extending its recent weakness as currency traders assess the potential economic and fiscal implications of the country’s upcoming general election. The kiwi had already fallen 0.5% in the previous session, with investors becoming increasingly cautious ahead of Saturday’s vote. Polls indicate a closely contested race between […]
by Currency Hedger
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- 1 week ago
Market Analysis, NZD, Technical Analysis
New Zealand Dollar Falls to Two-Week Low as Jobs Data and General Election Create Uncertainty
The New Zealand dollar has weakened towards US$0.561, reaching its lowest level in more than two weeks as investors prepare for a significant week of domestic economic and political developments. The upcoming third-quarter employment report and Saturday’s general election are creating additional uncertainty for the currency, with markets assessing the implications for monetary policy, fiscal […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Market Analysis, NZD, Technical Analysis
NZD/USD Price Forecast: Likely recover further to near 20-day EMA
The New Zealand Dollar (NZD) extends its recovery to near 0.5640 against the US Dollar (USD) during the European trade on Friday. The Kiwi pair started rebounding after a mayhem on Wednesday, caused by Reserve Bank of New Zealand’s (RBNZ) unexpected decision to hold the Official Cash Rate (OCR) steady at 2.75%. The RBNZ left […]
by Currency Hedger
- 0 Comments
- 2 weeks ago
Market Analysis, NZD
New Zealand Dollar remains depressed as USD bulls look to crucial data amid Fed hike bets
The NZD/USD pair attracts some sellers following a modest Asian session uptick to the 0.5635-0.5640 region on Thursday, stalling the previous day’s bounce from a two-week low, touched after the Reserve Bank of New Zealand (RBNZ) policy update. Spot prices currently trade around the 0.5620 area and seem vulnerable amid a goodish pickup in US […]
by Currency Hedger
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- 2 weeks ago