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...
As uncertainty around the coronavirus pandemic lingers, central banks have stepped up their stimulus efforts to support their respective economies....
It’s 21:30 GMT on Sunday, March 15, when the New Zealand dollar, NZDUSD, is trading at 0.6135. The New Zealand...
Yesterday, NZDUSD dropped to is lowest level seen since 2009 at 0.6023, but its sell-off could soon be over. As...
Recent reports from China about the rise in coronavirus cases has shifted the market’s attention away from central bank speeches....
The Kiwi flew up the charts in today’s trading as the RBNZ kept rates steady. NZDUSD is up by 0.98%...
On Feb 12, the Reserve Bank of New Zealand (RBNZ) will decide on its interest rates. The market has forecast...