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NZD/USD falls as US Dollar receives support from Trump trade optimism. Exit polls indicate growing support for former President Trump’s bid to become the 47th President of the United States. New Zealand’s Unemployment Rate Q3 increased to 4.8% from 4.6% in the second quarter. NZD/USD depreciates by more than 1% as the US Dollar (USD) […]
NZD/USD rebound from over a two-month low amid a modest USD downtick. A combination of factors should limit the USD slide and cap gains for the pair. The setup supports prospects for the emergence of fresh selling at higher levels. The NZD/USD pair stages a modest recovery from the 0.6020 area, or its lowest level […]
The New Zealand Dollar weakens in Thursday’s Asian session. RBNZ’s dovish stance continues to undermine the Kiwi. Investors await the US data for fresh impetus, including Retail Sales, Initial Jobless Claims and Philly Fed Manufacturing Index. The New Zealand Dollar (NZD) remains on the defensive on Thursday. The dovish stance of the Reserve Bank of […]
Reserve Bank of New Zealand’s (RBNZ) Governor Adrian Orr is set to hold a press conference following the announcement of the monetary policy decision on Wednesday at 02:00 GMT. Orr will respond to questions from the press. At its August policy meeting, the RBNZ decided to cut the cash rate by 25 basis points (bps) […]
After the July policy meeting conducted on Wednesday, the Reserve Bank of New Zealand (RBNZ) board members decided to keep the Official Cash Rate (OCR) steady at 5.50%. The decision was widely in line with the market expectations. Summary of the RBNZ Monetary Policy Statement (MPS) Committee agreed that monetary policy will need to remain […]
Share: US Producer Price Index (PPI) surpasses estimates, bolstering the US Dollar as Treasury yields soar. Reserve Bank of New Zealand (RBNZ) is expected to maintain rates at 5.50%, adding pressure on the NZD. NZD/USD’s future hinges on US economic data and potential RBNZ rate surprises; 0.5900 level in sight. NZD/USD plunges below […]
Share: NZD/USD turns lower for the fourth straight day and drops to a one-week low on Wednesday. The initial reaction to stronger NZ inflation data fades quickly amid China’s economic woes. A goodish pickup in the USD demand exerts additional pressure and contributes to the slide. The NZD/USD pair fades an intraday bullish […]
