NDZ

The New Zealand dollar slipped to $0.579 but stayed close to a two-month high, amid expectations that the Reserve Bank of New Zealand’s easing cycle may be over. While the central bank cut its cash rate by 25bps last month, its updated projections suggested limited scope for further easing, implying only about a 20% probability […]

The NZD/USD pair attracts some buyers to around 0.5750 during the early European session on Wednesday. The upbeat Chinese economic data provides some support to the China-proxy Kiwi against the US Dollar (USD). The attention will shift to the release of the US ADP Employment Change and ISM Services Purchasing Managers Index (PMI) data later on Wednesday.  […]

The NZD/USD pair ticks lower during the Asian session on Tuesday and moves further away from an over one-month peak, around mid-0.5700s, touched the previous day. Spot prices currently trade near the 0.5720 region, though the fundamental backdrop warrants some caution for bearish traders and before positioning for deeper losses. The New Zealand Dollar (NZD) […]

The NZD/USD pair remains on the defensive near 0.5630 during the early European session on Wednesday. Expectations of an imminent interest rate cut from the Reserve Bank of New Zealand (RBNZ) exert some selling pressure on the New Zealand Dollar (NZD) against the Greenback. The FOMC Minutes will be in the spotlight later on Wednesday.  New Zealand’s Unemployment […]

The New Zealand dollar fell to around $0.565, giving back some of last week’s gains, as expectations of an imminent rate cut from the Reserve Bank overshadowed the US decision to roll back tariffs on Kiwi exports. Food prices declined for the second straight month, while the services sector remained in contraction, reinforcing expectations for […]

The New Zealand dollar rose to $0.569 on Friday, heading for a weekly advance, supported by encouraging manufacturing data. The country’s manufacturing sector expanded for a fourth straight month in October, driven by rising new orders and improved demand. The kiwi also benefited from a weaker US dollar as investors worry that the upcoming release […]

The New Zealand dollar traded around $0.564, near its lowest level since early April, as a subdued inflation outlook added to expectations of further monetary easing. Business inflation expectations showed two-year projections, the key policy horizon, unchanged at 2.28%, while one-year expectations edged up slightly to 2.39%, within the RBNZ’s 1%–3% target range, suggesting price […]

The NZD/USD pair attracts some sellers near 0.5620 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) after a narrowing of China’s trade surplus in October and a weak New Zealand jobs report. Traders brace for the flash U-Mich Consumer Sentiment survey later on Friday. Data released […]

The NZD/USD pair trades with a negative bias for the third straight day on Friday and remains close to a one-week low, around the 0.5725 region, touched the previous day. Spot prices move little following the release of rather unimpressive China’s official PMIs and seem poised to register weekly losses amid the short-term bullish sentiment […]