NZD/USD stumbles below 0.6100 on risk aversion after positive US data. The odds of the Fed raising by 75 basis points have risen to 91%, STIR money market futures show. Trade data from New Zealand and the US Non-Farm Payrolls report is next on the economic calendar. The NZD/USD falls to multi-week lows around 0.6060 […]
Tag: NZDUSD
NZD/USD: Buyers make up some ground, but not out of the woods
NZD/USD jumped from a six-week low on Monday from around 0.6100. The Fed’s favorite inflation gauge fell, though Powell did not factor in the data, saying a month’s worth of data is not enough to pause. NZD/USD Price Analysis: Still trending down, so a test of year lows around 0.6060 is expected. The NZD/USD rebounds […]
NZD/USD Plunges to Six-Week Lows on Powell’s Remarks, Sentiment Sour
NZD/USD slumps more than 1% on Friday in a risk-off environment. Powell said it will “bring some pain to households and businesses” to achieve the Fed’s 2% target. US inflation readings show signs of peaking, while US consumer sentiment improves. The NZD/USD fell to fresh weekly lows of 0.8150 on Friday, following hawkish comments from […]
NZD/USD fails to break 0.6250, remains in a consolidation range
The dollar gains momentum after the US data and as Wall Street trims gains. Market participants await Fed Chairman Powell’s speech. NZD/USD is trading between 0.6250 and 0.6150. The NZD/USD hit a high of 0.6250, the highest level since August 19, and then pulled back towards 0.6200. The decline from the multi-day high took place […]
NZD/USD rally towards 0.6200 as dollar loses momentum
Dollar falls on London fix, although US yields remain at weekly highs. DXY reverses and turns negative, erasing a 0.60% daily gain. NZD/USD – Key support above 0.6150 holds. The NZD/USD bounced back from near 0.6150 and rose to 0.6200, paring daily losses. The general decline in the US dollar boosted the pair. The greenback […]
NZD/USD fails to capitalize on recovery move beyond 0.6200
NZD/USD recovers from the one-month low hit last Friday. The PBoC moves to further ease policy and gives a boost to the antipodeans, including the kiwi. Sustained dollar buying and recession fears limit any significant rise in the pair. The pair NZD/USD gains some positive traction on Monday and breaks a five-day losing streak to […]
NZD/USD sinks towards 0.6200, fresh monthly low amid strong USD/risk aversion
NZD/USD continues to lose ground for the fifth consecutive day and is approaching the monthly low. Aggressive expectations from the Fed and rising US bond yields underpin the dollar and put pressure on the pair. Recession fears also benefit the safe-haven dollar and keep flows away from the risk-sensitive kiwi. The pair NZD/USD remains under […]
AUD/NZD Price Analysis: Breakout of key 1.1000 support after RBNZ rate hike
AUD/NZD updates monthly low after RBNZ’s 50 basis point rate hike. The clear break of the 100 DMA and the rising trend line from the end of May favors the sellers. The bulls need validation of a fifteen day resistance line to regain control. The AUD/NZD is on slippery ground after the Reserve Bank of […]
NZD/USD advances towards 0.6400 after RBNZ rate hike of 50 basis points
NZD/USD rebounds to two-day highs after RBNZ rate hike. The entity agrees with market forecasts of a rate hike of 50 basis points, and indicates the convenience of further tightening. Declines in US Treasury yields resume, lightly bid stock futures put antipodal downward pressure. The Chinese premier’s comments and a softer New Zealand PPI provoked […]
NZD/USD sinks below 0.6400 ahead of RBNZ decision
NZD/USD falls from last week’s highs around 0.6468 on risk aversion. The looming economic slowdown in China and the disappointing New York Fed Empire State Index underpin the US dollar. The Reserve Bank of New Zealand is expected to raise rates by 50 basis points on Wednesday. NZD/USD breaks five days of gains and falls […]
