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 Japanese yen rose against the majority of most-traded currencies today, though failed to gain on the Australian and New Zealand dollars. One of the possible reasons for the rally were doubt about the chances of the United States and China reaching a trade deal before new US tariffs kick in on December 15. Japan’s macroeconomic data was mixed, giving the yen no additional support.
The Japanese yen was trading flat for the most part today, though fell versus commodity currencies. It looks like traders were not interested in safety provided by the Japanese currency despite increasing tensions between China and the United States over Hong Kong protests. There were plenty of macroeconomic reports released in Japan today but they failed to have a substantial impact on the currency during thin holiday trading.
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 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 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.
The New Zealand dollar was soft today amid the risk-negative market sentiment, which was dragging commodity-geared currencies lower. Losses were limited, though, as domestic macroeconomic data was decent and supportive to the currency of New Zealand.
The New Zealand dollar was soft today despite positive domestic macroeconomic data. The main reason for the currency’s weakness was the risk-off market sentiment that was driving commodity currencies lower. Over the week though, the kiwi was one of the strongest currencies on the Forex market thanks to the surprise monetary decision of New Zealand’s central bank.
The New Zealand dollar climbed sharply against all other most-traded currencies today after the Reserve Bank of New Zealand surprised markets by leaving interest rates unchanged. While the kiwi has retreated from day’s highs by now, it is still trading far above the opening level, retaining most of its gains.
The New Zealand dollar was the weakest most-traded currency on the Forex market today following the unexpectedly big increase of the unemployment rate reported earlier this week. The positive trade data in China, New Zealand’s biggest partner, and optimism about the US-China trade negotiations did not help the currency.
