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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.

NZ Dollar Holds Ground, Domestic Data Helps

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.

NZ Dollar Mixed amid Uncertain Fundamentals

The New Zealand dollar was mixed today amid the uncertain market sentiment and negative domestic macroeconomic data.

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.

Positive Economic Data & Risk Sentiment Don’t Help NZ Dollar

The New Zealand dollar was rather soft against other most-traded currencies today despite positive domestic macroeconomic data. The positive market sentiment also did not provide much aid, though it helped the kiwi to perform better versus safer currencies.

RBNZ Makes Surprise Interest Rate Cut, Kiwi Sinks

The Reserve Bank of New Zealand surprised markets today, cutting interest rates more than was expected. As a result, the New Zealand dollar sank against almost all of its most-traded rivals. While the currency has trimmed losses by now, it is still trading far below the opening level. Surprisingly, the kiwi managed to gain on the Great Britain pound, which remains under pressure from fears of a hard Brexit.

NZ Dollar Gains After Trade Surplus Widens Unexpectedly

The New Zealand dollar rose today after the nation’s trade surplus widened unexpectedly last month.

NZ Dollar Rises on In-Line CPI, Loses Gains vs. US Dollar

The New Zealand dollar gained against most of its major peers today. While the kiwi has lost gains versus its US counterpart by now, it was still trading higher against other peers. Market analysts attributed the rally to the positive consumer inflation print, though some of them argued that the data is not as good as might seem at first glance.

NZ Dollar Falls with Business Confidence

The New Zealand dollar was weak across the board today, though managed to trim losses against some of its rivals by now. One of the possible reasons for the currency’s poor performance was the deteriorating business confidence.

NZ Dollar Rallies as Exports Reach Record Levels

The New Zealand dollar rallied against other most-traded currencies today after nation’s trade data showed extremely positive results.

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