The members of the Board of the Reserve Bank of New Zealand (RBNZ) decided to keep the Official Cash Rate (OCR) at the all-time low of 0.25% in August, against market expectations of a rise of 25 basis points. Additional comments It keeps the OCR unchanged at this meeting given the greater uncertainty with the […]
Tag: NZDUSD
NZD / USD remains in negative territory modestly above 0.6900, look at RBNZ
The NZD / USD pair is suffering heavy losses on Tuesday. The US dollar index rises above 93.00 in the US session. RBNZ will announce its policy decisions on Wednesday. The NZD / USD pair fell sharply during Asian trading hours on Tuesday and touched its weakest level in three weeks at 0.6905. With the […]
NZD / USD sinks to three-week lows and approaches the 0.6900 level
A combination of factors causes the NZD / USD to move lower for the second day in a row. Risk aversion benefits the safe haven USD and weighs on the higher perceived risk NZD. New Zealand Prime Minister Ardern announces a three-day nationwide shutdown, adding to the selling bias around the NZD. The NZD / […]
NZD / USD rises modestly towards 0.7035
NZD / USD is trading lower at the beginning of the week. The US dollar index registered a modest rebound on Monday. The major Wall Street indices appear to be opening lower. The pair NZD / USD it was down early in the Asian session on Monday and appears to be having a hard time […]
NZD / USD updates session lows, bears challenge 0.7000
A combination of factors triggered new selling around the NZD / USD on Thursday. The rally in US bond yields and upbeat US data benefited the dollar and put pressure on the NZD / USD. The pair NZD / USD it fell to fresh daily lows during the early days of the American session, and […]
NZD / USD jumps to 0.7055 as US dollar declines across the board
The US dollar falls across the board after US CPI data. NZD among top performers on Wednesday, supported by RBNZ expectations and risk appetite. The NZD / USD jumped from 0.7000 to 0.7055, reaching the highest level since Friday following the release of US inflation figures. The pair then fell back, finding support at 0.7035. […]
NZD / USD to fall below YTD lows at 0.6880 towards 0.6700 level – Credit Suisse
NZD / USD remains trapped in its range between 0.7103 / 7115 and support at 0.6910 / 6880, Credit Suisse analysts explain, who see a bearish break more possible. Key statements: “The NZD / USD is hovering in the middle of its range right now after the recent rejection of its 55-day average, now at […]
NZD / USD falls to 0.7000, cuts most weekly gains
The NZD / USD fell sharply in the second half of the day on Friday. The US Dollar Index moves higher towards 93.00 after the strong jobs report. Nonfarm payrolls in the US increased by 943,000 in July. The pair NZD / USD it declined sharply ahead of the weekend amid renewed USD strength and […]
NZD / USD approaches 0.7100 as RBNZ rate hike is expected
Kiwifruit is rising strongly across the market following data from New Zealand. The dollar with mixed results in the market before ADP. The NZD / USD extended the bullish run in the European session and climbed to 0.7083, reaching the highest level in a week. In the previous data from the US, it remains in […]
Markets ignore Chinese concerns, US data in focus
This is what you need to know to trade today Wednesday, August 4: Markets are cautiously upbeat despite the spread of the coronavirus in China and the tech issue. Today’s ADP private employment figures, ISM services PMI and a speech from the Fed Vice President stand out. NZD / USD is on the rise while […]
