Kiwi is trading downside due to the China’s inflation figures extending the losses by following the comments from Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr. China’s Consumer Price Index (CPI) reduced more than 0.0% expected to -0.3% whereas the Producers Price Index (PPI) eased below 0.4% market consensus to 0.3% YoY in January. [...]
New Zealand's central bank said on Friday that it is going to postpone publication of most of its statistical data releases for a number of weeks while it is investigating a cyber attack that has led to a serious breach of its data systems. The breach was declared earlier this month and the Reserve Bank [...]
NZD is improving early Tuesday morning in Asia. In doing so, the kiwi pair struggles to justify upbeat trading sentiment, backed by the coronavirus (COVID-19) aid package updates from the US, amid lesser volumes due to the year-end holidays. In rare support to the Republican leader, US House Democratic Party members backed President Donald Trump’s [...]
NZD/USD extends its rally to hit the highest levels since December 2018, as the bulls rejoice a big beat on New Zealand’s Retail Sales data. The NZ retail consumer spending jumped by 28% QoQ in Q3 vs. 20% expected. Meanwhile, successful vaccine trials - led risk-on mood also adds to the strength in the Kiwi. [...]
