NZD news & headlines

The NZD/USD pair dropped by about 0.30% after the Reserve Bank of New Zealand (RBNZ) delivered its interest rate decision. The pair is trading at 0.6470, which is slightly lower than yesterday’s high of 0.6521. RBNZ interest rate decision New Zealand central bank left interest rates unchanged at the record low of 0.25% as most analysts were expecting. It also maintained its Large Scale Asset Purchase (LSAP) unchanged at N$60 billion. In this prog...

The NZD/USD pair rose by more than 1.25% as investors waited for the Reserve Bank of New Zealand (RBNZ) interest rate decision. The pair is trading at 0.6483, which is higher than the day’s open of 0.6383. RBNZ expected to remain dovish The RBNZ will become the fifth main central banks to deliver interest rate decision since last week. Other banks that delivered their decisions were the Bank of England (BOE), Bank of Japan (BOJ), Norges Bank, and...

The NZD/USD pair declined slightly after New Zealand released weak first quarter GDP data. The pair is down by about 0.40% and is trading at 0.6435. New Zealand reports worst GDP in decades New Zealand has been credited for its handling of the coronavirus pandemic. The country, of more than 5 million people, reported about 1,500 infections and less than ten deaths. It also became the first country to declare itself free of the illness. The govern...

The NZD/USD pair rose to its January highs as investors braced for more economic activity in New Zealand. That is after the government ended social distancing measures and declared victory over the pandemic. The pair is trading at 0.6560, which is the highest it has been since January this year. New Zealand ends social distancing New Zealand has been praised for its actions to fight the coronavirus pandemic. The country put in place strict social...

The NZD/USD pair rose by more than 50 basis points as the market reacted to the April trade data from New Zealand. New Zealand imports fell in March New Zealand has been praised for its response to the coronavirus pandemic. The disease has only infected about 1,500 people and killed just 21. That is a remarkable feat for a country of more than 5 million. The country achieved this by implementing one of the strictest lockdowns globally.   The...

The NZD/USD pair declined sharply after the New Zealand central bank delivered its interest rate decision. RBNZ interest rate decision The Reserve Bank of New Zealand (RBNZ) was the only major central bank scheduled to deliver its rate decision this week. The Monetary Policy Committee (MPC) left interest rates unchanged today at 0.25 per cent as was widely expected. Most importantly, the central bank also expanded its Large-Scale Asset Purchase (...

The NZD/USD pair wobbled after New Zealand released upbeat first-quarter employment data. The numbers from Statistics New Zealand showed how the coronavirus pandemic had affected the country’s economy. NZD/USD little changed after weak employment data The New Zealand dollar was little changed against the dollar after disappointing jobs numbers. The data showed that the employment change in the first quarter rose by 0.7%, which was better than the...

The NZD/USD declined after the country’s statistics office released the consumer price index (CPI) data for the first quarter. The New Zealand dollar also rose after a series of positive headlines about how NZ has dealt with the coronavirus pandemic. NZD/USD falls after strong inflation data New Zealand Q1 CPI rises Consumer prices in New Zealand rose by an annualized rate of 2.5 per cent in the first quarter, according to data from the cou...

The NZD/USD pair fell by 50 basis points even as New Zealand prepared to exit the current lockdown. The pair’s decline was mostly because of the overall strength of the US dollar. Dollar strength pushes NZD/USD lower New Zealand to end lockdown In a statement to NewstalkZB, Deputy Prime Minister Winston Peters said that the government was preparing to exit the current lockdown in the coming week. He said: “Unless there is an adverse f...

Statistics New Zealand released the quarterly retail sales report on Monday. The data suggested the retail sales to have gained 0.7% in the quarter that ended in December. The retail sales report was expected to be the major market mover for the Kiwi dollar in the forex market. NZ Retail Sales Rose 1.7% In The Previous QuarterThe gain in NZ retail sales in the December quarter was highlighted as significantly lower than the 1.7% increase that Sta...

The Reserve Bank of New Zealand (RBNZ) decided in favor of keeping rates unchanged on Wednesday in line with what the analysts had expected. The central bank also minimized the previous hints that rates could be cut moving forward if the economy fails to pick up. In its announcement on Wednesday, the bank remained hawkish regarding the monetary policy and the economy at large that saw massive gains in the local currency. The central bank of New Z...

The New Zealand Dollar (NZD) inched higher against the US Dollar (USD) on Thursday, increasing the price to more than 0.6300. The price increases after (Global Dairy Trade – GTD), a major economic release. The technical bias may remain bearish since the price observed a higher low pattern in the recent downside move.  NZDUSD Technical Analysis As of this writing, the pair is being traded around 0.6312, resistance may be seen around 0.6...

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It was generally a positive week for the US dollar, on the back of mostly upbeat economic data. The all important job report came mixed, as the NFP showed another positive month of employment...

It was another week of mixed results from the US. The job reports seems to be showing sustainable strength considering the impressive back to back release from the unemployment claims, complementing the positive non-farm payroll (NFP) figures.