Reserve Bank of New Zealand — News Archive

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Kiwi Pulls Back After Surging on RBNZ Decision, Trims Losses Later

The New Zealand dollar retreated today after yesterday’s surge caused by the central bank’s monetary policy announcement. But by now, the currency has trimmed its losses and trades not that far from the opening level. The market sentiment put pressure on the currency as traders continued to be worried about the spreading Wuhan coronavirus.

NZ Dollar Retreats After Rallying on Better-than-Expected GDP

The New Zealand dollar retreated today following yesterday’s gains. The rally was a result of a faster-than-expected growth demonstrated by New Zealand’s economy in the previous quarter.

NZ Dollar Gains After Retail Sales Surpass Expectations

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.

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.

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 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 Gains on Retail Sales, RBNZ Chief’s Comments

The New Zealand dollar rallied against other most-traded currencies today after the release of retail sales data and comments for the central bank’s chief. The currency has trimmed its gains by now but is still trading above the opening level.

NZ Dollar Soft as Manufacturing PMI Drops

The New Zealand dollar was somewhat soft today after the nation’s manufacturing sector demonstrated contraction last month. The currency has trimmed losses against some of its rivals, though, and stood its ground versus safer currencies as the risk sentiment stabilized.

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