Kiwi moved from its low level and steps into bullish trend amid the U.S Dollar Weakness. U.S. retail sales has dropped much more than expected in May but sales in April were revised sharply up and are far less above their pre-pandemic level. With spending rotating back to services from goods as vaccinations allow Americans [...]
The kiwi has dropped against the greenback amid broad US dollar strength and the mixed NZ data ahead of China’s headline inflation figures, namely the Consumer Price Index (CPI) and the Producer Price Index (PPI) for May. New Zealand’s Q1 Manufacturing Sales eased from 0.5% to 0.4% but the Manufacturing Activity rose 2.1% versus -0.2% [...]
The dollar has reached near to its weakest level since early January as Treasury yields eased amid Federal Reserve insistence that stimulus will continue despite current inflationary pressures. Whereas New Zealand’s currency rose after the central bank said it would maintain stimulatory monetary policy settings until its inflation and employment targets are achieved. The RBNZ [...]
The favorable unemployment report seems to support the New Zealand dollar against the greenback. The jobless rate of New Zealand in the three months ended March fell to 4.7 percent from 4.9 percent in the previous quarter, and compared with forecasts of 5.6 percent. The participation rate increased to 70.4 % from previous record of [...]
