NZD/USD remains within known levels, although up 0.12%. New Zealand consumer sentiment, worse than expected, capped NZD/USD. The market mood kept the dollar on the defensive. The NZD gains some ground against the USD on Tuesday as the American session wraps up. The NZD/USD it is up 0.12% after hitting a daily high around 0.6363, […]
Tag: NZDUSD
NZD/USD tests yearly lows at 0.6220 zone
NZD/USD is targeting a test of yearly lows in the 0.6200 area after erasing previous session’s gains. The dollar continues to rise ahead of the expected 75 basis point rate hike on Wednesday by the Fed. NZD/USD has fallen more than 5.0% in the last eight sessions, with recession fears and China lockdown issues also […]
NZD/USD crashes below 0.6300 and approaches year lows around 0.6200
The New Zealand dollar remains on the defensive and loses 1.69%. Inflation in the US, and the Federal Reserve meeting, weighed on market sentiment and boosted the USD. On Tuesday, the US Producer Price Index for May could attract investors’ attention as the Fed’s monetary policy meeting looms. The NZD/USD fell close to 90 pips […]
NZD/USD dips below 0.6300, looks vulnerable amid USD strengthening/risk aversion
NZD/USD saw some follow-through selling on Monday and fell to a one-month low. The Fed’s aggressive rate hike bets and risk-off mood benefited the safe-haven dollar and put pressure on it. Acceptance below the 0.6300-0.6290 zone would make the pair vulnerable to challenging the year’s low. The pair NZD/USD extended its recent sharp pullback from […]
NZD/USD falls to fresh three-week lows below 0.6400
NZD/USD falls to new three-week lows, despite the start of the RBNZ’s QT program. US initial jobless claims rose more than expected, but market players are focused on US inflation data. The RBNZ will start its Quantitative Tightening (QT) program with a rate of NZ$5 billion. The NZD falls for the fifth day in a […]
RBNZ: Exit of five-year QE bond holdings to start in July
The Reserve Bank of New Zealand (RBNZ) has said in a statement on Thursday, that will start selling government bonds purchased during its quantitative easing (QE) program gradually over the next five yearsas reported by Bloomberg. Key comments “The Reserve Bank will sell bonds to the Treasury Department’s debt management office at a rate of […]
NZD/USD falls back towards weekly lows below 0.6450
NZD/USD has dipped back towards weekly lows below 0.6450 where the 21 DMA is offering support for now. The pair is eyeing a possible break towards 0.6300 if risk appetite continues to deteriorate/US yields continue to push higher. Friday’s US CPI data is the main event of the week for the pair. The NZD, although […]
NZD/USD at daily lows, falls below 0.6450 amid modest USD strength
NZD/USD hits fresh selloff on Wednesday and approaches a two-week low again. A nice rally in US bond yields reignites demand for the dollar and puts some pressure on the pair. A softer risk tone also benefits the safe-haven USD and weighs on the perceived riskier NZD. The pair NZD/USD has struggled to take advantage […]
NZD/USD bounces back above 0.6450
NZD/USD has rebounded from session lows in the 0.6420 area as risk appetite has improved since the US open. The pair, now trading closer to 0.6475, is likely to trade between the 21-50 DMA ahead of the US CPI release. The NZD it failed to emulate its Australian counterpart’s rise on the back of a […]
NZD/USD breaks above 0.6550 amid positive mood ahead of US NFPs
NZD/USD turns positive for the week, up 0.34%. Market sentiment weighs on USD and boosts NZD. Fed officials support 0.50% hikes in June and July, but remain uncertain about September. NZD/USD – A break above 0.6568 will open the door for further gains. The NZD/USD soars in the American session, snapping a two-day losing streak, […]
