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 surged today after the Reserve Bank of New Zealand surprised the market, releasing a neutral monetary policy statement, whereas market participants had expected more dovish bias.
The New Zealand dollar fell sharply by the end of the Wednesday’s trading session and remained weak at the start of the Thursday’s session. The reason for the huge slump was an extremely underwhelming employment report.
The New Zealand dollar climbed by the end of the Tuesday’s trading session and continued to rally during the early Wednesday’s session. The rally was a result of the better-than-expected inflation data. Before the report, the currency was moving either sideways or down versus its major peers.
The New Zealand dollar fell today due to disappointing macroeconomic reports in China. New Zealand’s own economic data released overnight was not particularly good as well, though it improved compared to the previous reporting periods.
The New Zealand dollar dropped sharply yesterday after the policy announcement from the US Federal Reserve and extended losses after the release of mixed domestic macroeconomic data. The currency is attempting to bounce today, but by now the kiwi has lost gains it had posted earlier.
The New Zealand dollar rose sharply today after a report showed that the business confidence improved this month, though remained negative.
The New Zealand dollar surged along with other commodity currencies today on the news about a temporary truce in the trade war between the United States and China. The kiwi was unable to beat its Australian counterpart, which emerged as the strongest on the Forex market.
The New Zealand dollar gained today. Domestic macroeconomic data released overnight was good, but it does not seem to contribute much to the currency’s rally.
The New Zealand dollar gained today after the Reserve Bank of New Zealand released the Financial Stability report. Gains were limited, though, as market participants were waiting for new developments in the trade war between the United States and China.
