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NZ Dollar Edges Higher After Wednesday’s Slump

The New Zealand dollar edged higher today following yesterday’s huge slump even though macroeconomic data released during today’s trading session was negative. The plunge during the previous session was caused by worse-than-expected jobs data.

NZ Dollar Gets Lifted by Positive News from China

The New Zealand dollar rallied today, lifted by positive news from China. China’s service sector expanded more than was expected, while rumors circulated that the United States and China are close to a trade deal.

NZ Dollar Stable Despite Deteriorating Consumer Sentiment

The New Zealand business confidence deteriorated this month, and the outlook was rather pessimistic. Yet surprisingly, the New Zealand dollar held its ground versus most-traded rivals, even gaining on European currencies like the euro and the Swiss franc.

NZ Dollar Soft After China Slashes Growth Target

The New Zealand dollar slumped against its most-traded rivals today. The likely reason for the significant drop was news from China as domestic fundamentals looked good, giving the currency no reason to decline.

NZ Dollar Weak amid Risk Aversion, Mixed Data

The New Zealand dollar fell on Thursday amid risk aversion and mixed macroeconomic reports.

Australian Dollar Soft on Poor Housing Data, Other Reports

The Australian dollar traded flat-to-lower today after the release of underwhelming macroeconomic reports in Australia. Economic data in China, Australia’s biggest trading partner, was neutral, having a limited impact on the currency.

NZ Dollar Rises Sharply After Business Confidence Improves

The New Zealand dollar rose sharply today after a report showed that the business confidence improved this month, though remained negative.

NZ Dollar Drops on Negative Business Confidence, Trims Losses Later

The New Zealand dollar fell today as the business confidence remained negative. Yet by now, the currency has trimmed losses, erasing them outright against some of its rivals.

NZ Dollar Fails to Maintain Rally Despite Improving Business Confidence

The New Zealand dollar attempted to rally earlier today but failed and moved below the opening level. The slight improvement of the business confidence was not enough to support the currency.

Australian Dollar Mixed, Fundamentals Don’t Help to Find Direction

The Australian dollar was mixed today, trading basically flat against its US counterpart, rising against the euro, but falling versus the Japanese yen. Fundamentals, which were mixed themselves, did not help the currency to find a direction.

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