NZD climbs higher as the RBNZ has elevated its interest rate by 0.5%. An interest rate hike of 50 bps is higher than the estimate of 25 bps. Softer than expected US CPI also underpin bullish trend for kiwi. New Zealand dollar is edging higher against its US Dollar counterpart during Wednesday trading session [...]
The Kiwi pair struggles on Friday ahead of US NFP data. US dollar is strongly favored by the Fed policymakers comments and the FOMC minutes. Virus woes in New Zealand and Australia weighs on the consumer sentiment and exerts downward pressure on the NZD/USD pair. The Kiwi pair is under pressure on Friday. The [...]
Kiwi trades low against the greenback during Friday early session. This move can be related to the release of China’s Caixin PMI data. The kiwi also shows the sour market sentiment, as well as reacts to the softer data and the Nonfarm payroll data. China’s Caixin Services PMI for the month of November came below [...]
Kiwi remains under pressure on Wednesday and trades around 0.69098. The drop of kiwi can be related to the Reserve Bank of New Zealand (RBNZ) interest rate decision. Central bank of New Zealand fails to surprise markets by announcing a widely anticipated 25 basis points (bps) of a rate hike for the second time. RBNZ [...]
