NZD/USD is moving lower for the third day in a row and falls to a one-week low on Monday. Rising expectations of a 0.50% Fed rate hike lifts US bond yields and continues to benefit the USD. Risk aversion weighs on the higher perceived risk NZD and adds to the selling bias in the pair. […]
Tag: NZDUSD
NZD/USD rises to 0.6700 zone, two-week highs amid modest USD weakness
NZD/USD gained traction for the third day in a row and soared to a two-week high on Wednesday. Risk-on markets were seen as a key factor benefiting the perceived riskier kiwi. The pullback in US bond yields undermined the USD and continued to support the ongoing upside move. The pair NZD/USD rose further during the […]
AUD, NZD to face headwinds from Fed aggressiveness and risk sentiment – ​​Goldman Sachs
Analysts at Goldman Sachs have revised down their forecasts for the Australian dollar and the New Zealand dollar in your last note to your clients. Featured Comments “Last week, we placed our AUD and NZD forecasts under review, as Australian labor market and inflation data surprised to the upside and our economists advanced their forecasts […]
NZD/USD pushes higher towards 0.6630 amid positive market mood
NZD/USD is holding on to the 0.6600 figure as volatility eases after the US NFP report. The rise in US Treasury yields halts NZD/USD’s bullish moves as the 10-year yield stands above 1.90%. NZD/USD has a downside bias and could test yearly lows if it fails to recapture 0.6700. The New Zealand dollar rises as […]
NZD/USD rises back above the 0.6600 level
NZD/USD rose above 0.6600 on Tuesday as the Kiwi outperformed on the back of strong New Zealand trade data and USD weakness. New Zealand’s monthly trade deficit saw a significantly larger-than-expected decline in December to below NZD 500m (vs. NZD 700m forecast) from previously above NZD 1tn, are helping the NZD to outperform on Tuesday. […]
NZD / USD clings to gains recovery around the 0.6580 area, no follow-up
NZD/USD gained some positive traction on Monday and snapped a seven-day losing streak. The USD witnessed some profit taking from a 19-month high and extended some support to the pair. The Fed’s aggressive stance and cautious market mood should help limit USD losses and cap the pair. The pair NZD / USD it maintained its […]
NZD/USD remains stable at the 0.6725 zone
After falling sharply during the US session on Thursday and Apac on Friday, the NZD/USD has stabilized in the 0.6725 area. Next week’s Fed meeting and New Zealand CPI data will be the key events to watch. NZD/USD will be watching for a test of the 0.6700 level. After falling sharply late Thursday/early Friday morning […]
NZD/USD looks vulnerable near 1-week low around 0.6770 amid stronger USD/risk aversion
A combination of factors dragged NZD/USD away from multi-week highs hit last Thursday. Rising US bond yields continued to act as a tailwind for the USD and put some pressure on it. The risk-off drive further contributed to driving flows away from the kiwi perceived as riskier. The pair NZD / USD It maintained its […]
NZD / USD declines returning to 0.6825 as the dollar presents a tentative rebound
NZD/USD has pulled back from the 0.6850 area to 0.6820 and is down around 0.5% on the day. Weak US data was largely ignored, with the dollar staging a tentative rally, while wobbly stock markets hurt the NZD. The positive midweek momentum of the NZD / USD faded on Friday, with the pair dipping back […]
NZD / USD Nears 0.6900 And Marks Seven-Week Highs
Dollar weakness continues to support further increases in the NZD / USD. Traders eyeing more US data and statements from Fed officials. The NZD / USD is rising for the third day in a row and looks strengthened from a technical point of view after confirming the break at 0.6850. The pair rose to 0.6884, […]
