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Today Markets Analysis: The New Zealand dollar has fallen to around $0.576, its lowest level in two months, as broad US dollar strength and renewed concerns over the New Zealand economy put pressure on the kiwi. The decline comes as markets position for a potential Federal Reserve rate hike this week, widening the interest-rate advantage […]
Today Markets Analysis: The New Zealand dollar slipped towards $0.579, hovering near its lowest level in more than six weeks, as a stronger US dollar and elevated US inflation increased expectations for tighter Federal Reserve policy. The NZD is now facing a combination of US dollar strength, weaker domestic growth expectations and a cautious Reserve […]
The NZD/USD pair gathers strength to around 0.5845 during the early Asian session on Thursday, bolstered by a softer US Dollar (USD). All eyes will be on the upcoming Producer Price Index (PPI) data due on Thursday. Traders will keep an eye on the US inflation data later this week, which could shed fresh light on the […]
The New Zealand Dollar (NZD) trades 0.13% higher at around 0.5860 against the US Dollar (USD) during the European trading session on Wednesday, but remains inside Tuesday’s trading range. The Kiwi pair gains as the US Dollar underperforms despiteย Federal Reserveย (Fed) interest rate hike expectations. At press time, the US Dollar Index (DXY), which gauges the […]
NZD/USD extends its losses for the third successive day, trading around 0.5850 during the Asian hours on Tuesday. The pair is depreciating as the New Zealand Dollar (NZD) remains under pressure following the release of trade data from China, New Zealandโs major trading partner. China’s August Trade Balance reached $119.09 billion, aligning closely with forecasts […]
The New Zealand dollar edged down to $0.586 on Monday after falling 0.6% last week, as the Reserve Bank of New Zealandโs cautious approach to further monetary tightening weighed on the currency. The RBNZ raised its official cash rate for a second consecutive meeting last week, but signalled that future increases would be gradual amid […]
The NZD/USD pairย gathers strength to near 0.5895 during the Asian trading hours on Friday. The US Dollar (USD) softens against the New Zealand Dollar (NZD) followingย Federal Reserveย (Fed) Governor Christopher Wallerโs remarks. Traders brace for the US August employment report later on Friday.ย Waller said on Thursday that he is leaning toward keeping interestย ratesย steady at the […]
Reserve Bank of New Zealandโs (RBNZ) Governor Anna Breman presents the prepared remarks on the Monetary Policy Review (MPR) and responds to media questions at the press conference after the September monetary policy announcement. Earlier on, Breman and her colleagues hiked the Official Cash Rate (OCR) by 25 basis points (bps) to 2.75%, as widely […]
NZD/USD gains ground for the second consecutive day, trading around 0.5840 during the Asian hours on Wednesday. During the September Monetary Policy Review, RBNZ Governor Anna Breman stated that the official cash rate (OCR) track remains closely aligned with the May projections. Breman noted that moving the OCR toward a neutral stance remains accommodative, allowing the central […]
NZD/USD depreciates after posting minor gains in the previous day, trading around 0.5910 during the Asian hours on Tuesday. The pair loses ground as the New Zealand Dollar (NZD) holds losses after Chinaโs RatingDog Manufacturing Purchasing Managersโ Index (PMI) climbed to 51.5 in August from 50.9 in July. The market forecast was 50.9. China and […]
