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NZ Dollar Little Lower After Economic Data from China & New Zealand

The New Zealand dollar traded either flat or a little lower against its major rivals after opening sharply lower today. The unexpectedly poor report about the trade balance in China hurt the market sentiment a bit. But the negative impact on the New Zealand dollar was limited as the data was not entirely bad. On top of that, domestic macroeconomic data was supportive of the kiwi.

NZ Dollar Flat, Rebounding After Earlier Decline

The New Zealand dollar traded about flat against the majority of most-traded currencies today after falling earlier during the trading session. Domestic macroeconomic data released on Thursday was relatively positive but the market sentiment was unfavorable to riskier currencies.

NZ Dollar Little Changed After Trade Deficit Shrinks

The New Zealand dollar did not move far today, either staying flat or rising just a bit against its most-traded rivals. Domestic macroeconomic data was relatively decent but it did not have a material impact on the currency’s performance. Trading is expected to be light ahead of the Thanksgiving holiday in North America.

NZ Dollar Gains After Retail Sales Surpass Expectations

The New Zealand dollar gained against all other most-traded currencies today. While the mild risk appetite on markets was helping the currency, the major driver for the currency was amazing domestic retail sales data that surpassed expectations by a wide margin. Currently, the kiwi has trimmed gains, trading about flat against many of its rivals.

NZ Dollar Soft on Market Sentiment, Supported by Domestic Data

The New Zealand dollar was soft today amid the risk-negative market sentiment, which was dragging commodity-geared currencies lower. Losses were limited, though, as domestic macroeconomic data was decent and supportive to the currency of New Zealand.

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 Skyrockets After RBNZ Keeps Rates on Hold

The New Zealand dollar climbed sharply against all other most-traded currencies today after the Reserve Bank of New Zealand surprised markets by leaving interest rates unchanged. While the kiwi has retreated from day’s highs by now, it is still trading far above the opening level, retaining most of its gains.

NZD Declines on Falling Inflation Expectations, Interest Rate Outlook

The New Zealand dollar fell against all other most-traded currencies today, even its Australian counterpart, which was rather weak itself. While deteriorating inflation expectations were one of the possible reasons for the decline, the major driver for the currency was the negative monetary policy outlook.

NZ Dollar Weakest on FX Market After Rise of Unemployment Rate

The New Zealand dollar was the weakest most-traded currency on the Forex market today following the unexpectedly big increase of the unemployment rate reported earlier this week. The positive trade data in China, New Zealand’s biggest partner, and optimism about the US-China trade negotiations did not help the currency.

New Zealand Dollar Declines Even as Inflation Beats Expectations

The New Zealand dollar declined today despite inflation data that came out better than was expected. There were several possible reasons for the currency’s decline, both domestic and global. Domestically, the monetary policy outlook remained dovish despite the better-than-expected inflation report. Globally, increasing geopolitical tensions between the United States and China over Hong Kong and the global economic slowdown lessened the appeal of riskier commodity-related currencies. Currencies […]

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