NZD / USD extended its daily rally early in the US session. The US Dollar Index remains in negative territory below 92.90. The market mood remains bullish following the mixed US data releases. After posting strong daily gains on Monday, the NZD / USD retained its bullish momentum on Tuesday and hit a fresh weekly […]
Tag: NZDUSD
NZD / USD climbs to one-week highs and approaches 0.6950
The NZD / USD builds on the positive movement of the previous day and gains traction for the second day in a row. Risk appetite benefits NZD from perceived higher risk amid current USD retracement decline. The pair NZD / USD has continued to move higher during the European session on Tuesday, rising to four-day […]
NZD / USD experiences a decisive rally, trading near 0.6870
The NZD / USD is rising sharply after last week’s slide. The positive risk sentiment helps the kiwi erase its losses on Monday. The US Dollar Index remains in negative territory ahead of US PMI data. The pair NZD / USD it closed the previous five trading days in negative territory and started the new […]
NZD / USD consolidates weekly losses, holding above 0.6800 for now
The NZD / USD is still on track to post big weekly losses. NZD continues to struggle to find demand. The US Dollar Index remains in positive territory above 93.60 on Friday. The pair NZD / USD it extended its decline during Asian trading hours and touched its weakest level since November at 0.6805. Although […]
NZD / USD struggles near nine-month lows, bears expect to break below 0.6800
NZD / USD is down for the fifth day in a row under pressure from a combination of factors. COVID-19 woes weigh on risk sentiment and push money flows away from the NZD of higher perceived risk. Expectations that the Fed will begin to reduce its buying program soon prop up the USD. The pair […]
NZD / USD stabilizes around 0.6830, remains on track to record the lowest daily close of 2021
The NZD / USD appears to close deep into negative territory on Thursday. The US Dollar Index is trading at new multi-month highs above 93.50. Risk sentiment is likely to continue to drive NZD / USD action ahead of the weekend. The pair NZD / USD It fell to its lowest level since November at […]
In the zone of lows of several months, it looks vulnerable
-637648802176312643.png "In the zone of lows of several months, it looks vulnerable")
The NZD / USD has retreated towards multi-month lows. A sustained break below a two-month-old range has set the stage for further weakness. The NZD / USD pair struggled to capitalize on the recovery move following the Reserve Bank of New Zealand (RBNZ) meeting, and found new offers near 0.6950. The pair fell back more […]
NZD / USD returns a portion of the post-RBNZ rally, remains above 0.6900
NZD / USD marks a solid rebound from multi-month lows following the RBNZ’s monetary policy decision. A subdued demand for USD remains supportive, while nervousness over COVID-19 limits any further gains in the pair. Investors await the release of the FOMC meeting minutes for further directional momentum. The pair NZD / USD it has failed […]
Orr says rates remain at 0.25% “for now”
“Rates remain at 0.25% ‘for now’“said the Governor of the Reserve Bank of New Zealand (RBNZ), Adrian Orr, when addressing the press conference following the decision of monetary politics on Wednesday. Additional comments The lockdown is a concern, but it is less of a concern than it would have been last year. The country is […]
OCR unchanged in light of current level 4 lockdown and health uncertainty
The Reserve Bank of New Zealand (RBNZ) has released the minutes of its August monetary policy decision, in which the central bank kept OCR unchanged amid a new lockdown due to covid in the country. Key comments In light of the current level 4 lockdown and health uncertainty, the committee agreed to leave the OCR […]
