NZD/USD — News Archive

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Kiwi Mixed After Biggest Economic Contraction in Almost 30 Years

Markets were rather directionless today, and the New Zealand dollar was no different. While negative domestic macroeconomic data was weighing on the currency, it managed to stay flat against some of its most-traded rivals and even to rise versus others.

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.

NZ Dollar Weakest Among Brewing US-China Trade War

The New Zealand dollar was the weakest among the most-traded currencies on the Forex market today. While domestic macroeconomic data could have played a part in the decline, market analysts speculated that the major reason for the drop was the brewing trade war between the United States and China.

NZ Dollar Weakest After RBNZ Expands QE Program, Talks About Negative Interest Rates

The New Zealand dollar was the weakest currency on the Forex market today, sinking after the monetary policy announcement from the Reserve Bank of New Zealand. While the central bank kept its benchmark Official Cash Rate (OCR) unchanged, it almost doubled the scale of the quantitative easing program.

NZ Dollar Strong Ahead of RBNZ Monetary Policy Decision

The New Zealand dollar was among the strongest currencies today amid the mildly positive market sentiment. The currency waits for tomorrow’s monetary policy decision from the Reserve Bank of New Zealand. No economic reports were released in New Zealand today while yesterday’s data was not bad but not particularly good either.

NZ Dollar Attempts to Rise After Surprise Growth of Employment

The New Zealand dollar attempted to rally today following a surprisingly positive employment report that showed that New Zealand unexpectedly added jobs last quarter. The currency has retreated against some of its rivals by now but managed to keep gains versus others.

NZ Dollar Flat-to-Higher After Domestic, Chinese Data

The New Zealand dollar was trading either flat or slightly higher against other currencies, including its commodity-related counterparts. The kiwi got a boost from positive macroeconomic data released in both China, New Zealand’s biggest trading partner, and New Zealand itself. The optimistic market sentiment was helping the currency too.

NZ Dollar Flat-to-Higher on CPI, Easing Lockdown Restrictions

The New Zealand dollar traded flat or higher against its most-traded counterparts today. There were two reasons for the currency’s good performance: the government’s plans to ease the lockdown restrictions and positive inflation data released today.

NZ Dollar Drops After RBNZ Announces QE Program

The New Zealand dollar dropped today after the Reserve Bank of New Zealand made a surprise announcement of a quantitative easing program. Currently, the kiwi has trimmed its losses but is still trading below the opening level against its most-traded counterparts, with the exception of the Australian dollar. The Aussie was dragged down by bond purchases under the quantitative easing program of its own central bank.

NZ Dollar Sinks to New Multi-Year Lows Even After Decent GDP Report

The New Zealand dollar dropped to new multi-year lows against other most-traded currencies today. Losses were across the board as the kiwi was falling even against other vulnerable commodity currencies. Even the GDP report that came out in line with expectations was unable to help the New Zealand currency.

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