NZD news & headlines
Latest breaking stories, features and analysis
- The NZD/USD price declined slightly as the market continued to focus on negative rates.
- The RBNZ has said that it could push rates negative to boost inflation.
- A report by NZIER showed that business confidence improved in the third quarter.
Features & analysis
Latest NZD news
The NZD/USD pair declined in overnight session as traders digested the latest Federal Reserve interest rate decision. The pair also reacted to data that confirmed that New Zealand had moved to its first technical recession in a decade. New Zealand GDP falls The New Zealand has been credited for how it handled the coronavirus pandemic. The government instituted strict measures that were enforced by the police. As a result, the country confirmed le...
The NZD/USD pair is rising for the fourth straight day as traders react to the strong economic data from New Zealand. The pair is also rising because of the relatively weaker US dollar ahead of the Federal Reserve interest rate decision. It is trading at 0.6730, which is the highest it has been since September 3. New Zealand surplus rises New Zealand has succeeded in dealing with the coronavirus pandemic. The country of 5 million people has repor...
The NZD/USD pair started the month in a positive note. The pair spiked to an intraday high of 0.6763, which is the highest it has been since July 2019. It was reacting to a broader dollar sell-off and better building consent data from New Zealand. Broader dollar sell-off The NZD/USD pair rose sharply because of the weaker US dollar. The dollar index, an important metric that measures the performance of the dollar against a basket of currencies, d...
The NZD/USD pair is little changed as investors react to the mixed trade numbers and the disappointing income data from New Zealand. The pair is trading at 0.6550, which is slightly above the yesterday’s high of 0.6512. New Zealand exports fall New Zealand exported less goods in July, according to the statistics office. The total value of exports declined to $4.9 billion from the previous month’s $5.08 billion. The decline was mostly because of t...
The NZD/USD is little changed today as investors react to the decision by the government to extend lockdown in Auckland. The pair is also reacting mildly to the disappointing retail sales numbers released earlier today. The pair is trading at 0.6540, which is slightly higher than last week’s low of 0.6490. New Zealand extends lockdown New Zealand was the first country to declare victory against the coronavirus illness in May. This victory led the...
The NZD/USD pair is under pressure as the number of coronavirus cases start to rise again. It is also reacting to the weak credit card spending data. The pair is trading at 0.6536, which is still below this year’s high of 0.6715. New Zealand credit card spending Credit card spending in New Zealand rose by 1.8% to $3.8 billion in June from July as the country continued to reopen. On a year-on-year basis, the spending declined by 5.8% after falling...
The NZD/USD pair declined after the dovish interest rate decision by the Reserve Bank of New Zealand (RBNZ). The pair is trading at 0.6555, which is the lowest it has been since Friday last week. RBNZ interest rate decision The RBNZ started its meeting yesterday and concluded with the interest rate decision today. The bank left interest rate unchanged at 0.25% as most analysts were expecting. The bank also decided to expand its Large Asset Purcha...
The NZD/USD pair sparked higher as traders reacted to relatively strong employment numbers from New Zealand. The overall weaker US dollar has also contributed to the rise. The pair is trading at 0.6646, which is slightly higher than this week’s low of 0.6580. New Zealand unemployment rate falls Many analysts have praised the New Zealand government for how it handled the coronavirus pandemic. The country of near 5 million people recorded just 1,50...
The NZD/USD is little changed as traders react to the mixed trade numbers from New Zealand. The pair is trading at 0.6640, which is slightly below the yesterday’s high of 0.6645. New Zealand reports another surplus According to Statistics New Zealand, the country reported another trade surplus of more than $400 million in June. This surplus happened as the volume of the country’s exports rose to by $107 million to $5.1 billion in June. This jump...
The NZD/USD pair declined slightly after New Zealand’s statistics office released upbeat retail sales numbers. The pair is trading at 0.6556, which is slightly below this week’s high of 0.6600. New Zealand retail sales jump Many people have praised New Zealand for its response to the coronavirus pandemic. The country of more than 5 million people has confirmed less than ten infections in almost two months. In total, the disease infected only 1,50...
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...