[ad_1] Share: NZD/USD weakens as RBNZ’s inflation report suggests an economic slowdown. Kiwi’s Business Services Index fell from the previous reading of 50.7 to 48.9. Downbeat Chinese inflation could impact the Kiwi Dollar. US-China Presidential meeting is scheduled for Wednesday during the Asia-Pacific Economic Cooperation summit in San Francisco. NZD/USD is caught in
[ad_1] Share: The New Zealand Dollar declines across the board on Friday but rebounds late in session. Kiwi weakness comes from a combination of a negative global growth outlook and US Dollar outperformance. Hawkish commentary from Fed Chair Powell set the US Dollar trending higher against the Kiwi, NZD/USD resumes decline. The New
[ad_1] NZD/USD looks set to retest a short-term range resistance! Will the pair stick to its consolidation? Or will we see a breakout in the next few hours? Before moving on, ICYMI, yesterday’s watchlist looked at USD/CHF’s ascending channel pattern ahead of Powell’s speech. Be sure to check out if it’s still a good play!
[ad_1] © Reuters. The currency pair experienced a rebound from its weekly lows, trading higher near 0.5930 during the Asian session on Thursday, Nov 09, 2023. The rise was attributed primarily to a weakening US dollar rather than the impact of China’s mixed economic data. This data included a 0.2% yearly fall in October’s Consumer
[ad_1] The currency pair is looking to end a three-week losing streak, with early trading today seeing the pair slightly lower at $0.5890/95, a narrow range below $0.59 due to softer US equity futures. Despite this minor setback, the pair has been extending gains for the third day in a row, nearing a two-week high
[ad_1] Share: The NZD/USD is back into Friday’s lows as the US Dollar sees a late bid on Friday. The Kiwi continues to face topside rejection as broader markets choose safer havens. Kiwi traders will be looking ahead to next Tuesday’s NZ labor figures. The NZD/USD is ticking back towards 0.5800 heading into
[ad_1] NZDUSD sellers failed on a break below a key trend line on the daily chart this week. Does that failed break open a door for buyers going forward? Not so fast! Buyers have some control on the failed break, but they need to do more. In this video, I take a look at the
[ad_1] Share: The NZD/USD hit a new low for the year as the Kiwi loses ground against the US Dollar. Markets twisted following a dovish showing from Fed Chair Powell, but the Kiwi extends downside momentum. New Zealand Trade Balance figures failed to inspire meaningful momentum. The NZD/USD slipped into a fresh low
[ad_1] New Zealand Dollar, NZD/USD, CPI – Market Update: Recommended by Daniel Dubrovsky Get Your Free USD Forecast The New Zealand Dollar cautiously weakened in the aftermath of local inflation data. During the third quarter, New Zealand’s Consumer Price Index (CPI) grew by 5.6% compared to a year ago. This was slower than the 5.9%
[ad_1] NZD/USD has popped a few points in the early hours here on Monday with only New Zealand markets underway: The marking higher of the kiwi $ is a market dynamics move rather than an important shift in fundamentals. If you think the new government will solve all the problems the NZ economy is facing
