The renewed selling bias around the USD helps the NZD / USD gain strong positive traction on Wednesday. Concerns about the increase in the number of COVID-19 cases in the US continue to weigh on the USD. A modest rally in US stock index futures boosts money flows into the NZD with the highest perceived […]
Tag: NZDUSD
NZD / USD dips below 0.6900, but kiwi remains near post-pandemic highs
The NZD / USD took a hit along with other risk assets amid a slight deterioration in sentiment on Tuesday. The kiwi is still trading near post-pandemic / multi-year highs and is considering a test of a key double top from Q1 2019. The NZD / USD reached new post-pandemic / multi-year highs of 0.6919 […]
NZD / USD consolidates Monday’s gains, moves within a narrow range near the 0.6900 level
The NZD / USD is fluctuating within a tight range on Tuesday. Risk appetite sentiment seems to have lost momentum. The DXY US Dollar Index remains negative ahead of US data. Publishing Upbeat macroeconomic data from China and the risk appetite environment The market share helped the NZD outperform its rivals earlier in the week. […]
NZD / USD tests the 0.6900 level
The NZD is one of the best performing G10 currencies on Monday amid a risky tone in forex trading. NZD / USD is currently testing the psychological level of 0.6900 as the weakness of the US dollar gains ground. The NZD / USD is enjoying solid gains on Monday, with the pair rising more than […]
NZD / USD ends week higher amid US dollar weakness
The NZD / USD recovers the losses of the Asian session to end the week in green, following the strength of the AUD. The kiwi had been weighed slightly by the cautious comments of the RBNZ governor. NZD tracks the strength of its Australian counterpart The NZD has managed to make a late return to […]
NZD / USD posts modest daily losses, remains above 0.6800
NZD / USD is falling for the second day in a row on Friday. Data from New Zealand showed an ongoing expansion in the private sector. The US dollar index remains in the consolidation phase below 93.00. The pair NZD / USD It rose to its highest level in nearly 20 months at 0.6916 on […]
NZD / USD recovery stopped above 0.6900 and dips to 0.6840
NZD / USD stops its eight-day rally at 0.6915 and falls back to 0.6840. Kiwifruit loses steam as market sentiment deteriorates. Below 0.6845, the NZD bullish momentum would decline – UOB. The New Zealand dollar it stopped its impressive eight-day rally against the US dollar on Thursday. The pair has been unable to stay above […]
The RBNZ has not changed its guidance on keeping OCR at 0.25% until March 2021 – Christian Hawkesby
The Reserve Bank of New Zealand (RBNZ) has not changed its guidance on keeping the Official Cash Rate (OCR) at 0.25% through March 2021said the Lieutenant Governor Christian Hawkesby while delivering a speech this Thursday. Featured Comments: The economy performed stronger than expected in August this year. The economy still requires a substantial amount of […]
NZD / USD consolidating gains at 20-month highs near 0.6900
NZD / USD rallies for the eighth day in a row to hit highs of 0.6900. Kiwi remains strong after RBNZ’s monetary policy decision. NZD / USD to consolidate between 0.70 / 0-75 – MUFG. The New Zealand dollar remains unstoppable, extending its rally against the US dollar for the eighth day in a row […]
NZD / USD remains below 0.6900 following RBNZ-inspired rally
The NZD / USD rose sharply during the Asian session on Wednesday. RBNZ left its policy rate unchanged at 0.25% as expected. The US Dollar Index clings to gains above 93.00. The pair NZD / USD It gained traction in the early trading hours of the Asian session on Wednesday and touched its highest level […]