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NZ Dollar Skyrockets After RBNZ Keeps Rates on Hold

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.

NZD Declines on Falling Inflation Expectations, Interest Rate Outlook

The New Zealand dollar fell against all other most-traded currencies today, even its Australian counterpart, which was rather weak itself. While deteriorating inflation expectations were one of the possible reasons for the decline, the major driver for the currency was the negative monetary policy outlook.

NZ Dollar Weakest on FX Market After Rise of Unemployment Rate

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.

New Zealand Dollar Declines Even as Inflation Beats Expectations

The New Zealand dollar declined today despite inflation data that came out better than was expected. There were several possible reasons for the currency’s decline, both domestic and global. Domestically, the monetary policy outlook remained dovish despite the better-than-expected inflation report. Globally, increasing geopolitical tensions between the United States and China over Hong Kong and the global economic slowdown lessened the appeal of riskier commodity-related currencies. Currencies […]

NZ Dollar Drops, Touching 4-Year Low vs. US Dollar

The New Zealand dollar dropped today, touching the lowest level in four years versus its US counterpart. The currency was dragged down by poor domestic macroeconomic data and the general risk-off sentiment on the Forex market. A positive report about China’s manufacturing sector limited the downside momentum, though.

NZ Dollar Stable After RBNZ Refrains from Interest Rate Cut

The New Zealand dollar was trading either flat or a little higher against most-traded currencies today. The Reserve Bank of New Zealand did not cut interest rates at today’s meeting but signaled that a cut is possible in the future. The trade balance worsened more than was expected.

NZ Dollar Drops Despite Better-than-Expected GDP

The New Zealand dollar fell today even after a report showed that the nation’s economy rose last quarter faster than was expected.

NZ Dollar Falls Ahead of FOMC Meeting, Domestic Data Doesn’t Help

The New Zealand dollar fell today as markets were in a risk-off mode ahead of Federal Reserve monetary policy meeting later today. Domestic macroeconomic data was not helpful to the currency.

NZ Dollar Falls with Consumer Confidence

The New Zealand dollar fell today due to mild risk aversion on the Forex market as well as falling consumer confidence in New Zealand.

NZ Dollar Soft as Manufacturing Sales Fall

The New Zealand dollar opened below Friday’s close today. The currency attempted to rebound before pulling back. Markets were relatively quiet today, so the likely reason for the currency’s losses was negative domestic macroeconomic data.

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