The decision of the Reserve Bank of New Zealand (RBNZ), which kept its interest rate unchanged while it introduced a Financing for Loans Program (FLP), boosted the kiwi in the market. MUFG Bank analysts estimate that it will continue to appreciate. Key statements: Given the current context of a vaccine that could solve the COVID-19 […]
Tag: NZDUSD
NZD / USD holds post-RBNZ gains at multi-month highs, just below the 0.6900 level
The relatively optimistic economic assessment of the RBNZ provides a strong boost to the NZD / USD. Market optimism also benefits the higher perceived risk currencies, such as the NZD. Nervousness over COVID-19 in the US weighs on the USD and continues to support the strong upward movement in the pair. The pair NZD / […]
Markets are torn between coronavirus resurgence and vaccine hopes as NZD skyrockets and spotlight shifts to Lagarde
This is what you need to know to trade today Wednesday, November 11: Markets are slowly climbing and the US dollar is on the defensive, as the surge in COVID-19 cases counteracts Monday’s spectacular vaccine announcement. The NZD / USD stands out and ECB President Christine Lagarde is expected as several countries have a holiday […]
Orr says economic activity since August is more resilient than previously assumed
“National and international economic activity since August has been more resilient than previously assumed“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: “Inflation and employment have been below target for a long time.” “We hope banks […]
NZD / USD lateralized, awaiting RBNZ decision
NZD / USD is trading at the midpoint of its 0.6800-40 intraday range as traders await the RBNZ rate decision. However, global issues and USD dynamics appear to be leading the pair. Other than Monday’s high just above 0.6850, there are very few notable levels of resistance before 0.6900. The NZD / USD trade cautiously […]
NZD / USD consolidates Monday’s gains, trading around 0.6830
The NZD / USD is holding on to small daily gains above 0.6800. Monday’s risk rally loses momentum ahead of the US session. The US Dollar Index remains below 93.00 on Tuesday. The pair NZD / USD it advanced to its highest level since March 2019 at 0.6856 on Monday before closing at 0.6817. With […]
NZD / USD rises to the highest level since March 2019 near 0.6850
NZD capitalizes on risk flows early in the US session. The US Dollar Index remains in positive territory on Monday. The S&P 500 appears to open at new all-time highs. The pair NZD / USD It gained traction on Monday and rose to its highest level since March 2019 at 0.6851. At time of writing, […]
NZD / USD consolidates near 0.6800, the highest level since March 2019
NZD / USD extends last week’s strong gains and continues to move higher on Monday. Joe Biden’s victory in the US presidential election keeps the USD bulls on the defensive. Market optimism provided an additional boost to the perceived riskier NZD. The pair NZD / USD now appears to have entered a bullish consolidation phase, […]
NZD / USD declines slightly after hitting the 0.6800 level for the first time since March 2019
RBNZ inflation expectations increased to 1.59% for the fourth quarter of 2020 and provided a good boost to the NZD / USD. The uncertain political situation in the United States keeps the dollar bulls on the defensive and supports the upward movement of the pair. A sustained move above the 0.6800 level will mark a […]
NZD / USD extends gains, trades 0.6750 due to widespread USD weakness
The NZD / USD rose to a new daily high of 0.6750. The US Dollar Index remains depressed below 93.00 on Thursday. Focus Shift to Mid-Tier US Data, FOMC Policy Announcements. The pair NZD / USD it spent the Asian trading hours moving sideways slightly below 0.6700 on Thursday, but gained traction ahead of the […]
