RBNZ

AUDUSD Australian dollar

New Zealand Inflation Expectations: Implications for NZDUSD

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.

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NZDUSD

NZDUSD Weighed Down by Talk of Negative Rates, Easing of Lockdown Restrictions Ignored

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.

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NZDUSD

NZDUSD Trades Higher Following the RBNZ’s QE Proposal and Upbeat Trade Data

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...

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Nikkei 225

Market Brief: Fed, BOJ, RBNZ Step Up Stimulus But Nikkei 225, Hang Seng, ASX Extend Losses

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....

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