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US Dollar Gains on Major Rivals, Retreats vs. Commodity Currencies

The US dollar gained on most major currencies during the past trading week but fell against commodity currencies. The reason for that was optimism about Sino-US trade talks, which led to risk appetite on markets.

NZ Dollar Defies Negative Fundamentals, Bouncing After Decline

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.

NZ Dollar Soars After RBNZ Releases Neutral Statement

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.

NZ Dollar Sinks After Extremely Underwhelming Employment Data

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.

NZ Dollar Mixed amid Quiet Lunar New Year Trading

The New Zealand dollar was mixed on Monday, falling against such major currencies like the US dollar and the euro but rising versus safe currencies like the Japanese yen and the Swiss franc.

NZ Dollar Rallies After Consumer Inflation Surprises Positively

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.

Economic Data in China & New Zealand Poor, NZ Dollar Declines

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.

NZ Dollar Pares Losses vs. US Dollar, Remains Soft vs. Other Majors

The New Zealand dollar managed to pare losses versus its US counterpart today, but remained weak against other most-traded currencies, including the Australian dollar, which itself was vulnerable.

NZD Drops Sharply on Wednesday, Attempts to Bounce on Thursday

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.

NZ Dollar Rises Sharply After Business Confidence Improves

The New Zealand dollar rose sharply today after a report showed that the business confidence improved this month, though remained negative.

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