NZDUSD finished with strong gains in yesterday's trading after the RBNZ's report showed that banks are stable amid the pandemic. Can it extend its gains?
NZDUSD is holding steady despite dovish remarks from key RBNZ officials. However, technicals suggest the currency pair may soon fall.
NZDUSD is leading losses among the majors in today's trading after the RBNZ increased its QE program to almost double its initial size.
NZDUSD is trading at a critical resistance after the ANZ Business Outlook revealed improvements. Will the RBNZ rate decision push it higher or lower?
The NZDUSD will be the cynosure of attention as the New Zealand inflation expectation is released at 3 am GMT. New Zealand's recently released jobs report showed that employment grew 1.6% on an annualized basis as against the market consensus of 0.7%. Average hourly earnings rose 1.4% quarter-on-quarter, which trumped the market expectation of a 0.9% growth.
NZDUSD is trading sharply lower in today’s Asian session and is leading losses among the majors. The currency pair is down by almost 50 pips or 0.80%, trading around 0.5993, as investors fear that New Zealand may soon adopt negative rates.
After trading higher on news that New Zealand would ease its lockdown restrictions next week, NZDUSD is the biggest loser among the major currencies. Its losses today were brought about by dovish remarks from RBNZ Governor Adrian Orr.
While the news of the recent QE was bearish for the dollar, the Kiwi seemed to benefit from news of the RBNZ’s asset purchase program. NZDUSD is trading higher today after the central bank proposed to buy 250 million-worth of government bonds. As of this writing, the currency pair is...
As uncertainty around the coronavirus pandemic lingers, central banks have stepped up their stimulus efforts to support their respective economies. However, despite the flood of more market liquidity, Asian equities continued to track lower in today’s trading....