New Zealand — News Archive

The New Zealand dollar rallied against other most-traded currencies today after the release of retail sales data and comments for the central bank’s chief. The currency has trimmed its gains by now but is still trading above the opening level.

The New Zealand dollar was rather soft against other most-traded currencies today despite positive domestic macroeconomic data. The positive market sentiment also did not provide much aid, though it helped the kiwi to perform better versus safer currencies.

The New Zealand dollar versus the Canadian dollar currency pair crystallized the expected lower high, thus staying true to continuing its way to the 0.8400 psychological level.

The New Zealand dollar was somewhat soft today after the nation’s manufacturing sector demonstrated contraction last month. The currency has trimmed losses against some of its rivals, though, and stood its ground versus safer currencies as the risk sentiment stabilized.

The New Zealand dollar declined today following yesterday’s gains. While the positive news about the US-China trade conflict supported riskier commodity currencies yesterday, a big miss in some important Chinese macroeconomic indicators overshadowed the supportive fundamentals today.

The New Zealand dollar ended the week as the weakest among most-traded currencies. The major reason for the poor performance was a larger-than-expected interest rate cut by New Zealand’s central bank, but risk aversion also played a significant part.

The New Zealand dollar gained today against major currencies. One of the possible reasons for the gains was profit-taking after yesterday’s huge slump. Another one was positive data from China — the world’s second-largest economy and New Zealand’s biggest trading partner. The gains were limited, though, as central bank’s assistant governor suggested a possibility of another interest rate cut.

The New Zealand dollar versus the Canadian dollar currency pair managed to confirm as resistance the the last bearish standing point.

The Reserve Bank of New Zealand surprised markets today, cutting interest rates more than was expected. As a result, the New Zealand dollar sank against almost all of its most-traded rivals. While the currency has trimmed losses by now, it is still trading far below the opening level. Surprisingly, the kiwi managed to gain on the Great Britain pound, which remains under pressure from fears of a hard Brexit.

The New Zealand dollar versus the Canadian dollar currency pair is in a spot from where it could go either way for a considerable amount of time and pips.