© Reuters. In today’s trading sessions across Europe and Asia, the New Zealand dollar (NZD) experienced a significant surge against the US dollar (USD), reaching a peak near 0.6060. This unexpected rise was primarily fueled by New Zealand’s retail sales data for the third quarter of 2023, which remained unexpectedly flat, countering market forecasts of
Share: The New Zealand Dollar continues cruising higher on broadly positive market sentiment. The Kiwi rises in line with global equities as Oil continues its downtrend and US PMIs come in mixed. NZD/USD ends the week on a high note, rising to within close proximity of the 200-day SMA at 0.6100. The New
Share: The New Zealand Dollar trades higher against the US Dollar but lower versus the Yen on Friday. The Kiwi is supported by a relatively benign outlook for inflation amongst most counterparts. NZD/USD establishes a floor and rebounds, resuming the uptrend from midweek. The New Zealand Dollar (NZD) is trading mixed at the
Share: Economists at ING are bullish on the NZD/USD and are interested in whether the new government changes the Reserve Bank of New Zealand’s remit – a potentially bullish factor for the Kiwi. New government, higher rates? The New Zealand Dollar should benefit like AUD from a gradual optimistic rerating of growth expectations
Share: NZD/USD eyes stabilization above 0.6000 amid easing US price pressures. Further action in the US Dollar will be guided by the monthly US Retail Sales data. NZD/USD forms an Inverted Head and Shoulder chart pattern. The NZD/USD pair aims for stability above the psychological resistance of 0.6000 as the market mood has
Share: The NZD/USD has bounded back into the top end after broader markets went risk-on. Tuesday saw safe havens go broadly lower as investors stepped out post-US CPI. Up Next: US PPI, Retail Sales slated for Wednesday. The NZD/USD has ripped higher after gaining almost 2.6% from Tuesday’s lows. The Kiwi (NZD) saw its
Share: NZD/USD continues the downward trajectory for more than a week. NZD faces downward pressure as New Zealand’s Food Price Index fell 0.9% in October. Goldman Sachs anticipates the RBNZ to commence rate cuts starting in the fourth quarter of 2024. US inflation could grow but at a slower pace, which could put pressure
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 a
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 Zealand
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! And
