NZD/USD — News Archive

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NZ Dollar Soft After Retail Sales Miss Expectations

The New Zealand dollar was soft today, falling against the majority of its most-traded peers, though managing to gain on some of them. Today’s macroeconomic data in New Zealand did not show a clear picture of the nation’s economic wellbeing, thus failing to support the kiwi.

NZ Dollar Strongest After S&P Upgrades Credit Rating

The New Zealand dollar was the strongest among the most-traded currencies on the Forex market today after Standard & Poor’s upgraded New Zealand’s credit ratings with a stable outlook.

New Zealand PPI Data Positive, NZ Dollar Among Strongest

Commodity currencies were among the strongest on the Forex market during Friday’s trading, with the New Zealand dollar outperforming all other most-traded counterparts, except for the Australian dollar. Domestic macroeconomic data released overnight was largely positive but did not give the New Zealand currency a noticeable boost.

New Zealand Dollar Soft After Services Sector Demonstrates Accelerating Contraction

The New Zealand dollar was rather soft today, opening sharply lower and struggling to regain its footing. That is despite the market sentiment that was supportive of riskier currencies linked to commodities, such as the New Zealand dollar. Domestic macroeconomic data was negative for the kiwi.

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.

NZ Dollar Unable to Maintain Rally, Fails to Get Support from Positive Sentiment & Macroeconomic Data

The New Zealand dollar performed the same way as its Australian counterpart today: rising initially but retreating later. That is despite the supportive market sentiment and positive domestic macroeconomic data.

NZ Dollar Flies to Top After Employment Data Beats Expectations

The New Zealand dollar was the strongest currency on the Forex market during Asian and European hours of Wednesday’s trading after the release of better-than-expected employment data in New Zealand. Other news was positive for the kiwi as well for the most part, except for China’s disappointing services PMI.

NZ Dollar Weak Despite Positive Inflation Data

The New Zealand dollar was soft today, falling against the majority of most-traded currencies, though managing to eke out gains versus its commodity peers (but it has lost gains against the Canadian dollar by the time of writing). The kiwi fell despite better-than-expected inflation data.

Greenback Firms After US Stocks Sink

The US dollar firmed by the end of Wednesday’s trading session, trimming losses against some peers and erasing them completely against others. Market analysts pointed at the slump of the US stock market as the likely reason for the recovery of the greenback.

NZ Dollar Firm on Risk Appetite & Positive Domestic Data

The New Zealand dollar was trading in the green today, rising against the majority of most-traded currencies, except for the Australian dollar and the Great Britain pound. The kiwi rallied because the market sentiment seemed to favor riskier currencies. Domestic macroeconomic data was positive, while reports in China, New Zealand’s biggest trading partner, were mixed.

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