NZD/USD — News Archive

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US Dollar Ends Week Mixed on Dovish Fed, Fears of Recession

The US dollar ended the past trading week mixed, gaining on some currencies and falling versus others. While the unexpectedly dovish Federal Reserve hurt the currency strongly, it had some support from risk aversion. The same risk-off sentiment made other safe-haven currencies, like the Japanese yen and the Swiss franc, clear winners for the week.

NZ Dollar Jumps Sharply After Release of New Zealand GDP

The New Zealand dollar was falling for the most part of the Wednesday’s session, rebounding for a short time after the US Federal Reserve turned out to be surprisingly dovish. Yet the kiwi jumped sharply by the end of the session after the release of New Zealand’s gross domestic product.

NZ Dollar Trims Losses After Falling Earlier

The New Zealand dollar fell today, being one of the weakest currencies on the Forex market together with its Australian counterpart. The currency has trimmed its losses by now, though. Latest macroeconomic data released in New Zealand was decent, giving no additional reasons for the kiwi to go down.

Consumer Sentiment Deteriorates, NZ Dollar Flat

The New Zealand dollar traded about flat against most of its major peers by the end of the Tuesday’s trading session. The worsening consumer sentiment did not hurt the currency much.

New Zealand Dollar Falls During Wednesday’s Trading

The New Zealand dollar behaved similarly to its Australian counterpart today, falling intraday but trimming losses later. Market analysts explained the decline by the sharp drop of major Asian stock indices.

NZ Dollar Soft After China Slashes Growth Target

The New Zealand dollar slumped against its most-traded rivals today. The likely reason for the significant drop was news from China as domestic fundamentals looked good, giving the currency no reason to decline.

NZ Dollar Weak amid Risk Aversion, Mixed Data

The New Zealand dollar fell on Thursday amid risk aversion and mixed macroeconomic reports.

NZ Dollar Falls on Risk Aversion, Trade Deficit

The New Zealand dollar traded lower today amid mild risk aversion on the Forex market. Worse-than-expected domestic macroeconomic data was not helping either.

NZ Dollar Gains on Risk Appetite, Robust Retail Sales

The New Zealand dollar gained today, joining its Australian counterpart, boosted by positive fundamentals, both domestic and overseas.

NZ Dollar Rebounds After Falling on Interest Rate Cut Speculations

The New Zealand dollar fell intraday after the nation’s central bank proposed to raise capital requirements for New Zealand’s top banks, leading to speculations that an interest rate cut may follow. The currency has rebounded by now, though, even gaining against some of its rivals.

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