NZD / USD is posting impressive gains on Wednesday, trading above 0.7400. NZD capitalizes on RBNZ’s risk flows and optimistic outlook. The US dollar index appears to end the day little changed. The pair NZD / USD It started the day on a firm footing and posted strong gains during Asian business hours. After entering […]
Tag: NZDUSD
NZD / USD consolidates post-RBNZ gains below 0.7400
The NZD / USD rises to its highest level since April 2018 on Wednesday. The RBNZ leaves its monetary policy rate unchanged at 0.25% as expected. The US Dollar DXY Index is moving sideways above 90.00 ahead of Powell’s testimony. The pair NZD / USD has jumped to its highest level since April 2018 at […]
Orr says the central bank remains committed to providing more stimulus if needed
“The central bank remains committed to providing more stimulus if needed“said the Governor of the Reserve Bank of New Zealand (RBNZ) Adrian Orr while speaking in the press conference after the monetary policy decision on Wednesday. Additional comments: We want to keep all the stimulus options. I always talked about negative rates as an available […]
Reaches a 34-month high after defending support from the January 6 high
The NZD / USD bounces off crucial support as the RBNZ revises the OCR forecast higher. The January 6 high at 0.7315 is the level to beat for bears. The NZD / USD pair has hit a high of 0.7384 during the Asian session on Wednesday, a level last seen in April 2018. The pair […]
RBNZ keeps QE and rates unchanged
The Reserve Bank of New Zealand was not expected to announce any change in its monetary policy after today’s meeting and instead acknowledge that there is less need for monetary stimulus now than they thought in their November review. RBNZ Key Comments: OCR rate remains unchanged. The RBNZ maintains large-scale asset purchase program at NZ […]
NZD / USD consolidates previous day’s gains above 0.7300 level before Powell
The NZD / USD is moving within a relatively tight range on Tuesday. The DXY US Dollar Index posts modest daily gains above 90.00. Investors await testimony from FOMC Chairman Jerome Powell at 15:00 GMT. The pair NZD / USD It closed positive for the third day in a row and touched its highest level […]
NZD / USD pulls back after climbing to multi-year highs and remains near 0.7300
The NZD / USD rose to its highest level since April 2018. The US Dollar DXY Index remains relatively quiet below 90.50. Mid-level data for the US and New Zealand will be released during today’s session. The pair NZD / USD it gained nearly 100 pips last week and extended its move higher during the […]
NZD / USD extends rally above 0.7270 amid USD sell-off
The NZD / USD is rising for the second day in a row on Friday. The US Dollar DXY Index falls more than 0.3% ahead of US data. The major Wall Street indices are moving into positive territory. The pair NZD / USD closed above 0.7200 on Thursday and has maintained its bullish momentum on […]
NZD / USD remains above 0.7200
NZD / USD is holding on to modest daily gains in the latest US session.The US dollar index is struggling for a significant rally.The risk averse market environment makes it difficult for NZD to gain more traction. The NZD / USD pair advanced to a fresh daily high of 0.72222 in the US session, and […]
NZD / USD fails to stay above 0.7200
The NZD / USD is falling for the second day in a row. The DXY US Dollar Index advances toward 91.00 on Wednesday. Investors await mid-level US data and FOMC minutes. The USD renewed strength in the second half of the day weighed on the NZD / USD pair on Tuesday and forced it to […]
