posted by
fxhottie
65 days ago
in EUR, AUD, NZD
The Australian and New Zealand dollars fell, halting two days of gains, after an unprecedented levy on Cypriot banks raised concern a new round in Europe’s debt crisis will damp demand for higher-yielding assets.
posted by
dotcom
67 days ago
in NZD
USD The USD weakened against most of its major counterparts as softer than expected New York State manufacturing data prompted some profit-taking on the dollar's recent rally. The NY State manufacturing data expanded for a second straight month in ...
posted by
commodityblog
68 days ago
in USD, NZD, Fundamental
The New Zealand dollar rose today after yesterday’s drop, but gains were limited after the central bank said that an interest rate hike is not likely to happen this year.
posted by
Reno
69 days ago
in NZD
However, the market is particularly focused on one line from the RBNZ where it stated that it will consider reducing the cash rate if the NZ dollar appreciates too far beyond where NZ's economic fundamentals suggest it should be. RBNZ Governor Wheeler ...
posted by
marius
69 days ago
in NZD
This puts NZD/USD outlook to be bleak. Cut rates and save the economy, NZD/USD go down; allow rates to stay and economy suffer, NZD/USD go down. Wheeler may surprise us with something out of his hat by doing unorthodox easing methods that could ...
posted by
princess
69 days ago
in NZD
It also fell against its Australian counterpart, which climbed to two-month highs of NZ$1.2605 . "The RBNZ has come across ... Forecasts centred on a modest rise of 9,000 jobs and the unemployment rate to creep up to 5.5 percent. Given that markets ...
posted by
hanayoridango
69 days ago
in NZD
The New Zealand dollar dropped by about 1 US cent and swap rates fell after the Reserve Bank warned a surging kiwi for no good reason may force a rate cut, and said it doesn't plan to budge on the official cash rate this year. The kiwi dollar sank as ...
posted by
chuzzle
69 days ago
in NZD
"A key factor on the dovish side was a bigger emphasis on the potential for OCR cuts in response to the NZD remaining at recent levels for 9 months longer than the RBNZ has factored in," ASB chief economist Nick Tuffley said in a note. "Today's ...
posted by
Jmario
69 days ago
in NZD
loading. the New Zealand Dollar has reacted down after the RBNZ decision to leave unchanged its interest rate at 2.5%. The NZD/USD fell around 70 pips from the 0.8270 to test the 0.8200 level following the release. Currently the pair is trading at 0.8205.
posted by
Sissie
69 days ago
in NZD
The CAD is expected to trade between the 1.0220-1.0320 ranges as movements on the market will be minimal with the lack of new economic data this week. The AUD and NZD weakened against the USD, as investors awaited the RBNZ's interest rate ...
posted by
Dan
72 days ago
in USD, AUD, NZD, Economic Indicators
Roger J Kerr says our export sector badly needs a stronger USD to send the NZD/USD rate back below 0.8000. Your view? more ..... And these short-term challenges notwithstanding, the longer-term outlook for New Zealand agriculture is very sound. ...