The strongest message from the Reserve Bank of New Zealand (RBNZ), the latest encouraging developments in the evolution of the Delta and the recent weakening of the dollar are the main positive factors for the kiwi, explain Westpac economists. They expect the NZD / USD to go towards 0.7300 from breaking above 0.7090. Key statements: […]
Tag: NZDUSD
NZD / USD climbs to multi-week highs above 0.7060 amid broad USD weakness
The NZD / USD gains traction after moving sideways on Monday. The US dollar index remains on the defensive, falling below 92.50. With all eyes on the release of mid-level US macroeconomic data. After posting strong weekly gains, the pair NZD / USD It started the new week quietly and fluctuated in a tight range […]
NZD / USD remains stable around 0.7000 in a quiet session
The US dollar is mixed on Monday after falling sharply on Friday. NZD / USD maintains bullish bias, positive momentum fades. The NZD / USD pair is moving sideways around 0.7000 so far Monday, holding on to most of Friday’s gains. Price action remains limited with major pairs trading in small ranges. DXY is flat […]
NZD / USD continues to trade in a tight range around 0.6950
The NZD / USD is struggling to find direction on Friday. The US Dollar Index hovers near 93.00 as investors await Powell’s speech. PCE core inflation in the US is expected to rise to 3.6% from 3.5%. The USD’s renewed strength following aggressive comments from the Fed on Thursday caused the pair to NZD / […]
NZD / USD now looks at 0.6900 – UOB
UOB Group forex strategists noted that a sustainable move in the NZD / USD pair above 0.7010 remains off the beaten path for the time being. Key statements: 24-hour outlook: “Yesterday, we observed that ‘despite the advance, the upside momentum remains lackluster’, but we are of the opinion that the NZD ‘could continue to advance […]
NZD / USD stable around 0.6950 ahead of Powell’s speech
NZD / USD captures some buying on Friday amid modest USD weakness. Expectations from an optimistic Fed could prop up the USD and limit the pair’s gains. The focus remains on President Powell’s speech at the Jackson Hole Symposium. The pair NZD / USD It has bounced around 20 pips from the daily lows and […]
NZD / USD will march forward to break above 0.70 level – Westpac
The “hawkish” comments from the Reserve Bank of New Zealand (RBNZ), in addition to the drive for vaccination, are positive domestic events for kiwi, Westpac analysts note. Hence, they see that the NZD / USD is set to climb above the 0.70 level over the next week. Key statements: “The NZD / USD break in […]
NZD / USD near daily lows around 0.6950 amid stronger dollar
The NZD / USD moves lower on Thursday and breaks three consecutive days of gains. The recent surge in US bond yields supports the USD and puts pressure on the pair. Risk appetite helps limit losses from the highest perceived risk NZD before US data. The pair NZD / USD remains on the defensive during […]
NZD / USD turns negative on the day below 0.6950 as DXY gains traction
The NZD / USD lost its traction after updating the weekly high at 0.6967. The US Dollar Index extends the recovery beyond 93.00 on Wednesday. Durable goods orders in the US fell less than expected in July. After an impressive two-day rally, the pair NZD / USD It reached its highest level in a week […]
NZD / USD tests one-week highs, above 0.6950
The NZD / USD is advancing for the third day in a row and is once again nearing the one-week highs. A generally positive risk tone was seen as a key factor benefiting the kiwi. The NZD / USD pair rose further throughout the first half of the European session and reached new daily highs […]
