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NZ Dollar Weakest Despite Strong Economic Data

The New Zealand dollar was extremely weak today despite positive domestic macroeconomic data. In fact, the kiwi fell against all of its most-traded rivals. Furthermore, the New Zealand currency was one of the weakest for the week.

Japanese Yen Struggles to Rise as Market Sentiment Remain Positive

The Japanese yen was attempting to rise today but struggled to do so as the market sentiment was still favoring riskier high-beta currencies. The yen was trading about flat versus most of its rivals, though not all of them.

NZ Dollar Soft Despite Positive Reports in New Zealand & China

The New Zealand dollar was soft today, falling against many of its most-traded rivals. That is despite positive macroeconomic reports released during Thursday’s trading session in New Zealand and China, New Zealand’s biggest trading partner.

NZ Dollar Flat-to-Higher After Domestic & Chinese Economic Reports

The New Zealand dollar traded largely flat today, though it managed to gain on some of the majors, including the US dollar. The kiwi got a boost from positive domestic macroeconomic data as well as better-than-expected reports in China.

NZ Dollar Stable During Thursday’s Quiet Trading

The New Zealand dollar was stable today. While it moved a little lower against some of its rivals, the kiwi for the most part did not go far from the opening level. Trading is going to be quieter than usual on Thursday and Friday due to the Thanksgiving holiday in the United States.

NZ Dollar Strongest After Letter from Finance Minister to RBNZ

The New Zealand dollar was the strongest among the most-traded currencies on the Forex market today. The most likely reason for such a great performance was the request made to the central bank’s chief by the finance minister.

NZ Dollar Stable as Markets Enter Consolidation Mode

The New Zealand dollar was stable today as markets have entered a consolidation mode after optimism caused by the positive coronavirus vaccine news earlier this week started to wane. Macroeconomic data released in New Zealand overnight was mixed.

NZ Dollar Weakest on Waning Optimism, Poor Domestic Data

Commodity currencies were among the weakest on the Forex market today as the optimism caused by the news about a coronavirus vaccine continued to wane. The New Zealand dollar was the biggest loser, falling even against its commodity-linked counterparts. Negative domestic macroeconomic data put additional pressure on the currency.

NZ Dollar Drops After RBNZ Hints at Additional Monetary Easing

The New Zealand dollar dropped today, falling against some of its rivals, like the US dollar, for the third consecutive day. The currency declined following the monetary policy announcement from the nation’s central bank. The Reserve Bank of New Zealand confirmed that it continues to prepare additional measures to stimulate the New Zealand economy.

NZ Dollar Among Weakest After GDP Report

The New Zealand dollar was among the weakest currencies on the Forex market today amid the risk-negative sentiment among investors. Domestic macroeconomic data was also extremely bad, though not as bad as pessimistic forecasts.

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