Business NZ — News Archive

The New Zealand dollar was attempting to rally today but failed, trimming its gains against some rivals and erasing them outright against others by now. Domestic macroeconomic data was positive for the currency.

The New Zealand dollar dropped against other most-traded currencies today as nation’s manufacturing sector almost stopped expanding last month. The general negative market sentiment wasn’t helping the currency either.

While the New Zealand dollar was attempting to rally earlier today despite risk aversion prevailing on the market, currently the kiwi has retreated, trading below the opening level against many of its most-traded rivals. Domestic macroeconomic data did nothing to help the currency of New Zealand.

The New Zealand dollar was mixed today, rising against some rivals, falling versus others, and staying flat against some others. Macroeconomic data, both domestic and from abroad, was mixed as well, giving the currency no reason to go in a specific direction.

The New Zealand dollar rallied today after falling earlier. Surprisingly, the rally started after the release of disappointing macroeconomic reports in China — New Zealand’s biggest trading partner. Domestic macroeconomic data, which was not that great as well, had smaller impact on the currency. Yet it was also puzzling, driving the kiwi slightly higher, not lower.

The New Zealand dollar fell during the Friday’s trading session. While domestic macroeconomic data was decent, some of the reports from New Zealand’s biggest trading partner, China, were disappointing.

The New Zealand dollar declined against its most-traded rivals today even after data released overnight showed that the manufacturing sector expanded with accelerating pace.

The New Zealand dollar rose today, though the currency has trimmed its gains by now, losing them outright against some rivals.

The New Zealand dollar fell today after a report showed that nation’s manufacturing expansion slowed, though remained at a high level. By now, the currency has trimmed its losses.

The New Zealand dollar attempted to rally today on the back of the very good manufacturing report, but failed, and is now trading lower against most rivals with the exception of the very soft US dollar.