- The NZD/USD pair rose slightly after the mixed trade numbers from New Zealand.
- Exports declined by 4% to $5.3 billion while imports fell by 22% to $4 billion.
- This led to a trade surplus of more than $1.3 billion, a record.
Features & analysis
NZD/USD Gains More Than 1% On Hawkish RBNZ
NZD/USD has gained more than 1% today after the Reserve Bank of New Zealand (RBNZ) delivered an optimistic message to markets. The price action now tests the key resistance area around the $0.65. Fundamental analysis: RBNZ expects economy to rebound in the second part of 2020 As expected, the RBNZ left the cash rate on hold. Moreover, the bank said that it doesn’t expect to cut rates this year, hinting that the next move from the bank may be a ri...
Latest NZD news
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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...
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The latest updates for the forex market and the anticipated economic figures for the day are listed below
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