The NZD / USD rose again above 0.6800 on Thursday, as the dollar weakened after the Fed. A smaller-than-expected drop in New Zealand’s GDP in the third quarter did not appear to affect currency markets much. El pa NZD / USD it has moved in a choppy fashion in the last two sessions, in adaptation […]
Tag: NZDUSD
NZD / USD extends intraday bounce from yearly lows and recovers above 0.6750
NZD / USD achieves a modest recovery from a new annual low touched earlier this Wednesday. A modest USD weakness and positive risk tone offer support to the higher perceived risk NZD. The hike is likely to remain limited ahead of the expected monetary policy decision from the FOMC. The pair NZD / USD has […]
NZD / USD bounces off year lows, upside looks limited ahead of FOMC meeting
The NZD / USD attracted some buying near 0.6735, the new 2021 low. A positive tone around equity markets extended some support to the kiwi. COVID-19 troubles and hawkish expectations from the Fed continue to support the dollar. NZD / USD returned above 0.6750 in the European session and it climbed to 0.6761, but then […]
NZD / USD weakens below 0.6800, focus remains on US CPI
A combination of factors does not help the NZD / USD to capitalize on its modest initial rally. Cautious market sentiment limits the perceived riskier NZD amid moderate USD demand. Optimistic expectations from the Fed act as a tailwind for the USD ahead of the key US CPI report. The pair NZD / USD has […]
NZD / USD rises around 0.6775 as Omicron concerns wane
-637744861273573951.png "NZD / USD rises around 0.6775 as Omicron concerns wane")
The NZD USD pair is up 0.27% amid positive risk appetite. The Omicron variant, although highly transmissible, seems mild on a case-by-case basis so far. NZD / USD Price Forecast: Tipped higher in the short term, but downside risks persist. After hitting a new low for the year on Monday, the NZD / USD it […]
NZD / USD trades at 0.6750 after hitting new yearly lows at 0.6740
The NZD / USD pair has had a moderate start to the week and is trading just below the yearly lows at the 0.6750 zone. In the absence of major economic events in New Zealand, the pair will be driven this week by USD flows. The NZD / USD mostly stayed within the adjusted range […]
An upward revision of the November NFP number is expected; This is a tight job market – James Bullard
St. Louis Fed President James Bullard said Friday that he expects an upward revision of the November NFP number as this is a tight labor market. The US economy will be below 4% unemployment by the first quarter of 2022, he added. Additional comments: “A faster cut would create the option to do more rate […]
NZD / USD falls to test year floor at 0.6770 with eyes on NFP
The dollar gains momentum and advances moderately before the November US employment report. Equity markets without significant changes, pending. NZD / USD with bearish bias, although for now, with support at 0.6770. The NZD / USD is falling for the second day in a row and has already given way to the recovery of the […]
The Mexican peso reaches its highest level in six days at 21.30
The Mexican peso among the best performers on Tuesday amid declining yields. USD / MXN breaks below 21.60 and falls to 21.27, the lowest level since last Wednesday. The USD/MXN it broke below 21.60 and fell to 21.27 reaching the lowest level in nearly a week. Recently, it rallied back above 21.40 and trimmed losses […]
NZD / USD bounces away from yearly lows at 0.6787, towards 0.6800
The New Zealand dollar falls, despite recovering 0.6800, as the market assesses the impact of the omicron variant. The omicron variant of COVID-19 causes “mild” symptoms, according to SA health authorities. The Fed’s policy makers would like to increase the pace of the bond downsizing, according to the latest Minutes from the FOMC meeting. During […]
