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New Zealand Dollar Surges as RBNZ Hikes Interest Rate

The Reserve Bank of New Zealand did not disappoint Forex market participants, raising its Official Cash Rate today. The New Zealand dollar soared as a result, rising against the euro for the seventh consecutive trading session, even though such move was widely expected.

NZD Readies for RBNZ Rate Decision, Goes Higher vs. USD

The New Zealand dollar rallied today against its US counterpart as Forex traders are counting on the New Zealand central bank to raise interest rate at tomorrow’s policy meeting. The kiwi was not able to outperform the Japanese yen.

Euro Slips on Negative Interest Rates

Euro continues to struggle today, mostly due to the fact that the ECB is embracing negative interest rates. With flows heading out of the eurozone, it’s no surprise that the 18-nation currency is down pretty much across the board.

USD Gains, Boosted by Job Openings, Remains Soft vs. JPY

The US dollar climbed against the euro and the Great Britain pound today due to the release of yet another positive employment report from the United States. The greenback was down versus the Japanese yen.

Aussie Moves Higher with Help from Domestic & China’s Data

The Australian dollar rallied against its US peer and erased losses versus the Japanese yen today with help of rather positive domestic business confidence and good economic data from China.

Housing Stats Help Loonie Against European Currencies

Better housing stats are helping the Canadian dollar against its European counterparts. However, the US dollar is still on something of a tear, and the loonie remains down against its neighbor to the south.

Greenback Mostly Higher Today

US dollar is mostly higher today as the greenback is identified as a likely candidate for strength in the coming months. Recent developments in the eurozone are likely to help the greenback, and positive economic news is spurring speculation — again — that the Federal Reserve will have to make a move to cap inflation soon.

Canadian Employment Data Leaves CAD Directionless

The Canadian dollar ended the session without strong moves in either direction as today’s employment report sent confusing signals to the market, giving no edge either to bulls or to bears.

US Dollar Gains Ground, But Earlier Gains Have Been Pared

US dollar is mostly higher today, but the currency’s earlier gains have been pared a bit following the latest US jobs numbers. Since the numbers matched expectations, many feel that the Federal Reserve will stay on course, and not speed up its efforts to end monetary policy easing.

Canadian Dollar Firm, Withstanding Negative Fundamentals

The Canadian dollar was firm today despite yesterday’s negative data. An employment report will be released in Canada today and it is expected to be supportive to the nation’s currency.

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