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.
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.
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 at a critical resistance after the ANZ Business Outlook revealed improvements. Will the RBNZ rate decision push it higher or lower?
The Reserve Bank of New Zealand (RBNZ) is set to declare its Official Cash Rate (OCR) tomorrow, and will also...
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 holding steady despite dovish remarks from key RBNZ officials. However, technicals suggest the currency pair may soon fall.
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 trading steady ahead of the RBNZ rate decision on Wednesday. Will the central bank hint that negative rates is still a possibility?
Investors will focus tomorrow on the Reserve Bank of New Zealand interest rates decision which will be announced on June 24, at 2:00GMT.