NZD/JPY — News Archive

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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.

NZ Dollar Rises After Announcement of Restrictions Easing

The New Zealand dollar rose today, managing to log gains against all other most-traded currencies (though by now, the kiwi has erased its rally versus the Great Britain pound). The likely reason for the currency’s great performance was the news about the easing of coronavirus-related restrictions in the country. The positive general market sentiment also likely played its part in the rally.

New Zealand Dollar Strongest Despite Outlook for Monetary Easing

The New Zealand dollar was the strongest among the most-traded currencies on the Forex market today despite the outlook for additional monetary easing from New Zealand’s central bank. Domestic macroeconomic data was favorable but seems to provide no noticeable boost to the currency.

NZ Dollar Flat-to-Lower as Business Confidence Deteriorates

The New Zealand dollar traded either flat or lower against its most-traded peers today, though it managed to gain on few currencies, like the US dollar and the Japanese yen. The kiwi was soft despite the news about the lockdown easing in Auckland.

NZ Dollar Firm amid Positive Market Sentiment, Ignores Historic Drop of Retail Sales Values

The New Zealand dollar traded higher against the vast majority of most-traded currencies today, including other commodity currencies, which themselves were firm thanks to the positive market sentiment. Today’s macroeconomic data released in New Zealand was not very good but that did not prevent the kiwi from rising.

New Zealand Dollar Strongest Today, Halting Long Stretch of Losses

The New Zealand dollar was the strongest currency on the Forex market today but the rally was nowhere near enough to mitigate the sharp decline that the kiwi has started a month ago. The major event today is the release of the monetary policy meeting minutes by the Federal Open Market Committee, but most market participants do not expect them to reveal anything particularly new and interesting.

NZ Dollar Rises After Employment Report Surprises Positively

The New Zealand dollar rallied today, though it has trimmed gains against some of its rivals by now. The catalyst for the rally was the release of surprisingly good domestic employment data.

Japanese Yen Mixed After Services PMIs for China & Japan

The Japanese yen was mixed today after economic data that put markets in a risk-on mode. Markit released services Purchasing Managers’ Indices for a range of countries during the trading session. Of particular importance to the yen were the reports for China and Japan.

NZ Dollar Climbs on Record Trade Surplus, Positive Market Sentiment

The New Zealand dollar climbed against all other most-traded peers today thanks to the relatively positive domestic macroeconomic data and the market sentiment that was supportive of riskier currencies.

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