New Zealand Interest Rate Decision
July 27, 2011 1:32 pm by Russell GlaserThe Reserve Bank of New Zealand will announce its interest rate decision this evening and is expected to hold rates at 2.50%. Traders are increasing their expectations for an interest rate hike in the near term having bid the Kiwi ...
Kiwi Hits 3-Year High Versus US Dollar
May 30, 2011 10:36 am by Russell GlaserOvernight the New Zealand dollar reached its highest level versus the US dollar since February 2008 on the strength of significantly better than forecasted trade balance data as the Kiwi builds on gains from last week.
NZD/USD Reverses Course, Targets 0.7500
January 4, 2011 6:17 am by Greg HoldenThe US dollar’s decline against most other major currencies yesterday appears to have skipped the Pacific country of New Zealand. The NZD/USD, as will be shown below, actually underwent a bearish session, with many indicators signaling a continuation of this ...
Technical Analysis Provide Bullish Signals for NZD/USD
December 28, 2010 1:08 pm by Yan PettersThe NZD/USD has recently recovered from a 3-month low, trading as low as the 0.7340 level but failed several times to breach below this price. However, over the past weeks, the pair began to correct these losses and is currently ...
New Zealand Dollar Holds Up Near Month High
June 17, 2010 6:55 pm by Natalie R.The New Zealand dollar (NZD) traded near its strongest levels since mid-May after a global rally in stocks and declining volatility boosted demand for higher-yielding assets.
AUD Falls despite another Interest Rate Hike
May 4, 2010 12:30 pm by Natalie R.Australia’s central bank increased the benchmark interest rate for the 6th time to 4.5% from 4.25%. The accompanying statement sent slightly mixed signals, flagging inflation concerns but also hinting to a pause in the monetary policy tightening stating that borrowing ...
AUD Breaks 4 day Loss, Rises on RBA Governor’s Remarks
March 29, 2010 12:00 pm by Natalie R.The Australian Dollar ended its recent downward trend in today’s Asian and European trading, ahead of Wednesday’s Retail Sales report which is expected to shows February sales rose. The AUD was further boosted be comments made by Reserve Bank of ...
NZD Expecting Recovery Versus JPY
January 25, 2010 3:10 pm by Natalie R.The New Zealand Dollar (NZD) has dropped significantly versus the Yen this past week as risk aversion took hold of trading. However, it seems that some risk appetite is slowly returning to trading and the NZD is beginning to recover, ...
Australian Producer Price Index Unexpectedly Falls
January 25, 2010 2:36 pm by Natalie R.The Australian Producer Price Index (PPI) declined unexpectedly, dropping 0.4% from the previous quarter, as opposed to a 0.1% rise expected by economists. The AUD’s recent gains are to blame for the decline as they eroded the costs of imported ...
