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New Zealand Dollar Stages Unexpected Rally After RBNZ Cuts Rates

The Reserve Bank of New Zealand delivered an interest rate cut today, surprising basically no-one. Yet the New Zealand dollar reacted to the news in a very unexpected manner, surging after the event. While the currency has trimmed its gains as of now, it is still trading far above the opening level.

US Dollar Drops as Fed Rate Hike Slips Further Into the Future

US dollar is heading lower against most of its major counterparts today as the latest data reduces that chances that the Federal Reserve will raise rates in the near future. Global stocks are higher and commodities are gaining, and these are factors weighing on the greenback.

New Zealand Dollar Firm Ahead of Policy Meeting

The Reserve Bank of New Zealand prepares for a monetary policy meeting where it is likely to cut interest rates. Yet the New Zealand dollar looks unfazed by the prospects for monetary easing, staging a strong rally during the Wednesday’s trading session.

Australian Dollar Continues Climb Higher

The Australian dollar extended its rally today, rising against the euro for the seventh consecutive trading session. It is hard to explain the resilience of the currency considering that fundamentals were not particularly supportive for the Aussie.

Aussie Bounces vs. Greenback, Remains Down vs. Yen

The Australian dollar bounced against its US peer following the earlier decline but fell against the Japanese yen. Fundamentals were a bit mixed, and that explains the mixed performance of the currency.

New Zealand Dollar Attempts to Reverse Losses

The New Zealand dollar was moving lower at the start of the current trading session, but currently it has reversed its movement, trimming losses against some rivals (like the US dollar) and erasing them completely against others (like the Japanese yen).

Australian Dollar Undeterred by News from China

The trade balance report released from China was not particularly good. Yet this did not prevent the Australian dollar from rising, even though China is Australia’s biggest trading partner, thus news from the Asian country usually has a big influence on the Australian currency.

Canadian Dollar Plunges as Employment Falls & Trade Deficit Grows

The Canadian dollar tumbled today after Canada’s employment fell unexpectedly and the trade balance deficit showed a surprise increase to a record high.

Dollar Bounces as Non-Farm Payrolls Surprise Positively

The US dollar was moving down during the first half of Friday’s trading session but reversed the losses after the surprisingly positive employment report.

Australian Dollar Rises After RBA Statement & Construction Index

The Australian dollar rose today, gaining on the euro for the fourth consecutive day, following the release of the Monetary Policy Statement from the Reserve Bank of Australian and the construction index from Australian Industry Group.

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