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Kiwi Declines Even as Manufacturing Sector Returns to Expansion

The New Zealand dollar was soft today despite positive domestic macroeconomic data. The main reason for the currency’s weakness was the risk-off market sentiment that was driving commodity currencies lower. Over the week though, the kiwi was one of the strongest currencies on the Forex market thanks to the surprise monetary decision of New Zealand’s central bank.

NZ Dollar Soft as Manufacturing PMI Drops

The New Zealand dollar was somewhat soft today after the nation’s manufacturing sector demonstrated contraction last month. The currency has trimmed losses against some of its rivals, though, and stood its ground versus safer currencies as the risk sentiment stabilized.

NZ Dollar Rallies on Improving Manufacturing, Fails to Keep Gains

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.

NZ Dollar Drops as Manufacturing Slows

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.

NZ Dollar Fails to Hold Ground in Face of Risk Aversion

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.

NZ Dollar Mixed, Economic Data Gives No Direction

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.

NZ Dollar Defies Negative Fundamentals, Bouncing After Decline

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.

NZ Dollar Falls as China’s Reports Overshadow Domestic Data

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.

NZ Dollar Declines Despite Rising Manufacturing Index

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.

NZ Dollar Rallies Intraday, Trims Gains Later

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

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