The New Zealand dollar was soft today, falling against the majority of its most-traded peers, though managing to gain on some of them. Today’s macroeconomic data in New Zealand did not show a clear picture of the nation’s economic wellbeing, thus failing to support the kiwi.
The New Zealand dollar started the week as the strongest most-traded currency on the Forex market thanks to the upgrade of the nation’s credit rating by Standard & Poor’s. What other factors will be influencing the New Zealand currency and what traders should watch for during the rest of the week?
Commodity currencies were among the strongest on the Forex market during Friday’s trading, with the New Zealand dollar outperforming all other most-traded counterparts, except for the Australian dollar. Domestic macroeconomic data released overnight was largely positive but did not give the New Zealand currency a noticeable boost.
The New Zealand dollar was extremely weak today despite positive domestic macroeconomic data. In fact, the kiwi fell against all of its most-traded rivals. Furthermore, the New Zealand currency was one of the weakest for the week.
The New Zealand dollar performed the same way as its Australian counterpart today: rising initially but retreating later. That is despite the supportive market sentiment and positive domestic macroeconomic data.
The New Zealand dollar was the strongest currency on the Forex market during Asian and European hours of Wednesday’s trading after the release of better-than-expected employment data in New Zealand. Other news was positive for the kiwi as well for the most part, except for China’s disappointing services PMI.
The New Zealand dollar was soft today, falling against the majority of most-traded currencies, though managing to eke out gains versus its commodity peers (but it has lost gains against the Canadian dollar by the time of writing). The kiwi fell despite better-than-expected inflation data.
The New Zealand dollar was trading in the green today, rising against the majority of most-traded currencies, except for the Australian dollar and the Great Britain pound. The kiwi rallied because the market sentiment seemed to favor riskier currencies. Domestic macroeconomic data was positive, while reports in China, New Zealand’s biggest trading partner, were mixed.
The New Zealand dollar was soft today, falling against many of its most-traded rivals. That is despite positive macroeconomic reports released during Thursday’s trading session in New Zealand and China, New Zealand’s biggest trading partner.
The New Zealand dollar was stable today, staying flat against most of its rivals and even gaining on some of them. That is despite the worse-than-expected trade report released on Wednesday.
