TAG: Reserve Bank of New Zealand
New Zealand dollar rises on strong services data
The New Zealand dollar continues to gain ground and has extended its gains for a fourth straight day. In the North American session, NZD/USD is trading at 0.6149, up 0.44%. Services PMI hits 8-month high New Zealand’s BusinessNZ Performance of Services In...
7 months ago
NZD is G10’s best-performer so far today. But will it last?
Markets boosted the “kiwi” after “hawkish” RBNZ signals More action expected with US CPI, FOMC minutes to be released Softer US inflation may boost NZDUSD by further 700 points Still-elevated CPI may force NZDUSD to fall by some 200-400 points...
6 months ago
US inflation is in sight
The Reserve Bank of New Zealand Kiwi rates have been maintained, as expected. The official cash rate stays at 5.5%, extending the rate pause for a sixth straight month. The Reserve Bank of New Zealand (RBNZ) committee agreed that interest rates will need...
6 months ago
NZ dollar slips as manufacturing softens
The New Zealand dollar is down sharply on Friday. In the North American session, NZD/USD is trading at 0.5956, down 0.68%. The US dollar has moved higher against the majors and NZD/USD has declined about 1% this week. NZ manufacturing PMI contracts for 13...
6 months ago
NZ dollar slides to five-month low
The New Zealand dollar has stabilized on Monday after as sharp decline of 1% on Friday. In the European session, NZD/USD is trading at 0.5945, up 0.14%. The New Zealand dollar dropped as low as 0.5927 earlier, its lowest point since November 14. NZ Servic...
6 months ago
NZ dollar slips ahead of New Zealand inflation
The New Zealand dollar is down for a third straight day and has plunged 3.4% in less than a week. In the North American session, NZD/USD is trading at 0.5881, down 0.36%. New Zealand inflation expected to fall to 4.3% New Zealand’s inflation rate has been...
6 months ago
NZ dollar higher as nonfarm payrolls looms
The New Zealand dollar has extended its gains on Friday. NZD/USD is trading at 0.5985, up 0.39% at the time of writing. It has been a roller-coaster ride for the New Zealand dollar, which plunged 1.5% on Tuesday but has since rebounded and fully recovered...
5 months ago
RBNZ's surprise 50bp rate cut sends NZD to 7-week low
RBNZ cuts official cash rate The Reserve Bank of New Zealand (RBNZ) has cut its official cash rate (OCR) today by a jumbo 50 basis points (bps) to 4.75%, following the lead set by the Federal Reserve (Fed) last month. In response, the New Zealand dollar h...
1 week ago