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.
EUR/NZD — News Archive
NZ Dollar Falls on Market Sentiment, Domestic Data
May 29, 2019 at 12:09 New Zealand Dollar
The New Zealand dollar fell today as negative domestic macroeconomic data and the risk-off market sentiment drove the currency down.
NZ Dollar Fails to Hold Ground in Face of Risk Aversion
May 17, 2019 at 11:47 New Zealand Dollar
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 Licks Wounds After RBNZ Cuts Interest Rates
May 8, 2019 at 15:59 New Zealand Dollar
The New Zealand dollar sank today after the Reserve Bank of New Zealand cut interest rates. By now, the currency managed to erase a big chunk of losses, though it is still trading below the opening level.
NZ Dollar Edges Higher After Wednesday’s Slump
May 2, 2019 at 11:07 New Zealand Dollar
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 Gains on Market Sentiment, Record Exports
April 26, 2019 at 12:53 New Zealand Dollar
The New Zealand dollar gained today, rising for the second day and joining other commodity currencies in a rally. In general, currencies linked to raw materials were firm today as the market sentiment stabilized, though the positive domestic macroeconomic data also helped the kiwi.
NZ Dollar Follows Australian Dollar in Decline
April 24, 2019 at 12:55 New Zealand Dollar
The New Zealand dollar dropped today, following the Australian dollar in decline.
NZ Dollar Drops After Inflation Misses Expectations
April 17, 2019 at 22:42 New Zealand Dollar
The New Zealand dollar dropped on Wednesday after domestic inflation data disappointed traders, increasing bets on an interest rate cut by the Reserve Bank of New Zealand.
NZ Dollar Mixed, Economic Data Gives No Direction
April 12, 2019 at 12:06 New Zealand Dollar
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 Gets Lifted by Positive News from China
April 3, 2019 at 10:07 New Zealand Dollar
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.