There is a chance for New Zealand Dollar (NZD) to test 0.5800 before the risk of a recovery increases. In the longer run, sharp drop seems excessive; for a continued decline, NZD must first break and hold below 0.5800, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Decline is likely if NZD […]
Q1 GDP rose 0.8% q/q, slightly above our 0.7% forecast and stronger than the RBNZ’s 0.4%. Services and manufacturing drove the gains, while construction stabilised after a year of contraction. The economy has now posted back-to-back q/q expansions, but output remains below potential, Standard Chartered’s economists Bader Al Sarraf and Nicholas Chia report. Perfecting the
NZD/USD gains traction to around 0.6035 in Thursday’s early Asian session. US ISM Services PMI unexpectedly contracted in May, the first time in nearly a year. The RBNZ might slow the pace of rate cuts as uncertainty grows. The NZD/USD pair extends the rally to around 0.6035 during the early Asian session on Thursday. The
NZD/USD gains ground to near 0.6000 in Wednesday’s early Asian session. US JOLTS Job Openings rose to 7.39 million in April, above the consensus. US President Trump and Chinese President Xi Jinping were likely to have a call soon. The NZD/USD pair holds positive ground around 0.6000 during the early Asian session on Wednesday. The
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NZD/USD edges higher to around 0.5900 in Friday’s early Asian session. New Zealand Retail Sales beat expectations in Q1. A stronger US S&P Global PMI might cap the pair’s upside. The NZD/USD pair posts modest gains near 0.5900 during the early Asian session onn Thursday. The upbeat New Zealand Retail Sales data provide some support to
The pair trades near the 0.5900 zone after slipping 0.40%, pressured by softer New Zealand outlook and steady US Dollar. US PPI and Retail Sales missed expectations, but Fed’s Powell struck a cautious tone supporting Greenback stability. Technical bias is bearish; support at 0.5860 and 0.5846, resistance at 0.5878 and 0.5884. The NZD/USD is trading
NZD/USD finds support as the US Dollar falters amid ongoing trade-related uncertainties. Market attention now turns to Thursday’s upcoming releases of US Retail Sales and Producer Price Index (PPI) data. The New Zealand Dollar is drawing support as trade tensions between the US and China show tentative signs of easing. NZD/USD appreciates after registering a
The pair trades near the 0.5900 zone after trimming intraday losses amid mixed technical signals. Weak US inflation and speculation of a soft-Dollar policy weigh on the Greenback. Support at 0.5884; resistance seen at 0.5908 and 0.5928 with technicals pointing to possible rebound. The NZD/USD pair is hovering near the 0.5900 level after giving back
NZD/USD consolidates near 0.6000 after touching a six-month high. Fed leaves rates unchanged but highlights rising inflation and unemployment risks. Technical indicators present a mixed outlook, with key support at 0.5920 and resistance at 0.5950. The NZD/USD pair is pulling back from a six-month high near 0.6025 reached earlier on Wednesday, trading around 0.6000 as
NZD/USD lacks any firm intraday direction amid a combination of diverging forces. A positive risk tone supports the Kiwi, though a modest USD uptick caps the major. Mixed Chinese PMIs do little to provide any meaningful impetus to spot prices. The NZD/USD pair struggles to gain any meaningful traction during the Asian session on Wednesday
The Reserve Bank of New Zealand is set to lower the interest rate by 25 bps to 3.5% on Wednesday. In February, the RBNZ left the door open for further cuts, anticipating the negative impact of US tariffs. The New Zealand Dollar could experience intense volatility following the RBNZ’s policy announcements. The Reserve Bank of
NZD/USD fell sharply toward the 0.5600 zone on Friday, tracking heavy daily losses ahead of the Asian session. Momentum indicators align bearishly, with MACD and Bull Bear Power showing clear selling pressure. Major moving averages and resistance near 0.5700 cap upside attempts for now. The NZD/USD pair collapsed on Friday, diving toward the 0.5600 area
NZD/USD jumps to near 0.5750 as antipodeans outperform ahead of Trump’s tariff announcement. Donald Trump is expected to announce massive tariff measures for China. Trump’s tariffs will be bad for the global economy, including the US. The NZD/USD pair advances to near 0.5745 during European trading hours on Wednesday. The Kiwi pair strengthens as antipodeans
A combination of supporting factors pushes NZD/USD higher for the second straight day. A positive risk tone and Fed rate cut bets undermine the USD, lending support to the pair. The upside seems limited as traders keenly await Trump’s reciprocal tariffs announcement. The NZD/USD pair gains strong follow-through positive traction for the second straight day
NZD/USD appreciates as sentiment improves following S&P Global Ratings’ projection that New Zealand will be less affected by US tariffs. Bullish momentum persists in New Zealand equities, driven by signs of domestic recovery after country exited recession in Q4 2024. Federal Reserve Governor Adriana Kugler reaffirmed that the Fed’s interest rate policy remains restrictive and
NZD/USD weakens to near 0.5725 in Tuesday’s early Asian session. Trump’s tariff policies and expectations of further RBNZ rate cuts continue to undermine the Kiwi. China’s stimulus measures might cap the downside for the pair. The NZD/USD pair extends the decline to around 0.5725 during the early Asian session on Tuesday. The New Zealand Dollar
