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.
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 […]
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.
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.
The New Zealand dollar fell today even after a report showed that the nation’s economy rose last quarter faster than was expected.
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.
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.
The New Zealand dollar opened sharply lower against some of its major rivals today but has managed to recover by now. The kiwi also extended its Friday’s gains against several other rivals. Positive domestic macroeconomic data was perhaps one of the reasons for the currency’s decent performance today.
The New Zealand dollar was mixed today amid the uncertain market sentiment and negative domestic macroeconomic data.
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.
