The NZD / USD starts to improve during the European session. The US Dollar Index remains in negative territory below 92.80. New Zealand posted a trade surplus in June. The pair NZD / USD it closed modestly lower the previous week and declined during Asian business hours on Monday. However, with the dollar struggling to […]
Tag: NZDUSD
Drops below 0.6950 after rejection above the 50 SMA
The NZD / USD faces rejection above the 50 SMA and dips below 0.6950 during the Asian session on Thursday. The bears are now targeting the demand zone at the 21 SMA. The RSI has crossed the middle line to the downside. NZD / USD sellers returned on Thursday after a temporary turn to the […]
NZD / USD clings to modest daily gains above 0.6900, with its sights set on US stocks.
The NZD / USD remains relatively quiet after closing lower on Tuesday. The US Dollar Index remains above 93.00 on Wednesday. The major Wall Street indices appear to open near Tuesday’s closing levels. The pair NZD / USD it extended its slide on Tuesday and fell to the lowest level in 2021 at 0.6876. On […]
NZD / USD struggles to break away from 2021 lows, trading near 0.6900
The NZD / USD continues to suffer losses after Monday’s slide. The US dollar index rises for the fourth consecutive trading day. The major Wall Street indices appear to rebound on Tuesday. The pair NZD / USD It lost more than 60 pips on Monday and extended its decline on Tuesday to hit its lowest […]
NZD / USD falls below 0.6900 at fresh eight-month lows
NZD / USD hits fresh eight-month lows below 0.6900. The USD strengthens amid mixed markets. The fall in the price of oil and fears for the Delta variant of the covid weigh heavily on the NZD. Despite the fact that risk aversion monetary flows have decreased slightly so far this Tuesday, the NZD / USD […]
NZD / USD extends daily decline, trading below 0.6950 thanks to USD strength
The NZD / USD remains under heavy bearish pressure on Monday. The US dollar index extends the rally to new multi-month highs. The major Wall Street indices appear to open sharply lower. After staying relatively quiet around 0.7000 during Asian trading hours, the pair NZD / USD was under renewed downward pressure and was last […]
NZD / USD consolidates intraday gains, remains above 0.7000
The NZD / USD gained strong positive traction on Friday in reaction to a stronger CPI report from New Zealand. A dovish USD demand continued to support the bullish move amid a positive risk tone. As US bond yields bounced, upbeat US retail sales data did little to impress USD bulls. The nervousness of COVID-19 […]
NZD / USD falls back towards 0.7000 as USD regains strength
RBNZ kept its policy rate unchanged and decided to stop buying additional assets. The US dollar index bounced toward 92.50 after Wednesday’s slide. The focus shifts to US data, testimony from FOMC Chairman Powell. After gaining nearly 100 pips on Wednesday, the pair NZD / USD it rose during the Asian session on Thursday, but […]
NZD / USD after retracement, returns above 0.7000 supported by RBNZ
The RBNZ decision triggered a sharp rise in the NZD / USD on Wednesday. The dollar remains weak ahead of Powell and wholesale inflation data. The NZD / USD trimmed a portion of the gains that followed the decision of the Reserve Bank of New Zealand (RBNZ). After falling to the 0.6980 zone, it rebounded […]
RBNZ leaves the official cash rate unchanged at 0.25% as expected
The Reserve Bank of New Zealand Monetary Policy Statement is now available. There are no published forecasts, so the RBNZ doesn’t need to be prescriptive about when rate hikes expect to start, but the keynotes are as follows: The RBNZ leaves the official cash rate unchanged at 0.25% as expected … The Monetary Policy Committee […]
