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.
The Australian dollar versus the New Zealand dollar currency pair, slowly but steady, depreciated despite all odds. But for how long is this going to last?
The New Zealand dollar was trading lower for the most part today, though it was attempting to rise against few rivals. The market sentiment was torn between risk aversion and risk appetite due to conflicting reports about chances for a trade deal between the United States and China. New Zealand’s macroeconomic reports were neither bad nor good enough to drive the kiwi in any particular direction.
The New Zealand dollar versus the Canadian dollar currency pair, as expected, appreciated and reached the 0.8692 old support.
The Australian dollar versus the New Zealand dollar currency pair is not being supported by the important levels.
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.
The New Zealand dollar versus the Canadian dollar currency pair seems to be determined to continue the upward movement. Should any depreciation be expected?
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.
The Australian dollar versus the New Zealand dollar currency pair is still falling, but it also approaches a very important support area. What will happen?
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.
