He New Zealand’s Gross Domestic Product grew 14% in the third quarter of the year, exceeding the expected 13.5%. In the second quarter, GDP stood at -11% (revised from -12.2%). On a year-on-year level, GDP increased 0.4%, improving the expected -1.3% and the previous -11.3% (revised from -12.4%). NZD / USD reaction NZD / USD […]
Tag: NZDUSD
NZD / USD declines and returns below 0.7100 ahead of FOMC
Kiwi under pressure during the US session, losses spread across the board. NZD / USD lateralized, still unable to consolidate above 0.7100. The pair NZD / USD It initially hit 0.7120, the strongest level since April 2018, and then reversed sharply, falling to 0.7068. Before the FOMC decision, it is trading at 0.7080, modestly bearish […]
NZD / USD clings to gains above 0.7100 ahead of US and Fed data
The NZD / USD is moving higher after struggling to find direction on Tuesday. The New Zealand Treasury revises the growth forecast for 2021 upwards. The US Dollar DXY Index extends the slide below the 91.00 level ahead of key events. The pair NZD / USD it traded within a tight range below 0.7100 and […]
NZD / USD consolidates just below 0.7100 before the crisis of the US fiscal stimulus talks.
The NZD / USD is consolidating just below the 0.7100 level ahead of the Q3 current account numbers. The NZD has benefited from a broad wave of risk based on stimulus hopes that undermined demand for USD. He NZD / USD it has had a solid performance so far this Tuesday, and is currently trading […]
NZD / USD clears initial losses, rises towards 0.7100
The NZD / USD is rising in the second half of the day. Renewed USD weakness is helping NZD / USD gain traction. US stocks post strong gains on vaccine news and stimulus optimism. After falling to a new daily low of 0.7059 during European trading hours, the NZD / USD turned north in the […]
NZD / USD falls to three-day lows near 0.7050 level
The NZD / USD witnesses profit-taking on Tuesday and retreats further from multi-year highs. A dovish USD price action could offer some support and help limit any significant declines. Investors are now looking for some boost in second-tier US economic data ahead of the FOMC meeting. The pair NZD / USD moves lower during the […]
NZD / USD Drops Below 0.7100 Again, Slashes Daily Gains As USD Finds Bottom
The US dollar has rebounded from recent trading lows, which has hit the NZD / USD. The pair has fallen back below the 0.7100 level and is now trading flat on the day near 0.7080. He NZD / USD It rose to fresh multi-year highs at 0.7120 on Monday, but has reversed below 0.7100 to […]
NZD / USD returns below 0.7100 as risk appetite wears off
NZD / USD is back at 0.7070 after another trip north of 0.7100. A drop in market risk appetite and a rally in the USD is to blame for Friday’s slide. The NZD / USD managed to set new multi-year highs above the 0.7100 level again early on during Friday’s Asia-Pacific trade. However, since the […]
Attention is back on fundamental retracement resistance of 0.7111 – Credit Suisse
NZD / USD saw another strong reversal to the upside from the 13-day exponential average, negating the recently completed bearish “reversal day” to leave the market pressing again against the crucial resistance at 0.7111, Credit Suisse analysts explain. Key statements: “The NZD / USD has reversed sharply higher to press against the crucial 78.6% retracement […]
NZD / USD Returns Towards Wednesday Highs As US Dollar Loses Strength
The NZD / USD is trading higher in recent trading amid the weak US dollar, setting daily highs at 0.7080. The USD has experienced some weakness after the ECB did not seem overly concerned about the recent appreciation of the euro. Amid a bout of USD weakness in recent trading, the NZD / USD It […]
