The People’s Bank of China (PBOC) keeps one-year Loan Prime Rate (LPR) unchanged at 3.85% in June and maintains the five-year LPR at 4.65%. During the last week, the PBOC cut its 14-day reverse repo rate in a surprise move. Credit card spending of New Zealand is -21.1% in June which is less than -49.4% [...]
Director-General of Health Dr. Ashley Bloomfield said on Thursday that for the 13th day in a row New Zealand has no new corona virus cases. On Tuesday Prime Minister Jacinda Ardern of New Zealand said that the nation’s alert level could be reduced to 1 on June 10, meaning rules around physical distancing and mass [...]
The New Zealand Dollars is on the uptrend to the upside as optimism about a global recovery from the COVID-19 pandemic is attracting the investors. NZD/USD rose a little in the earlier session but was low than last week highs. Kiwi was able to achieve multi-month highs as the U.S. Dollar weakened as investors shed [...]
NZD/USD drops to 0.5930 on Monday. Efforts of the Federal system to strengthen US dollar and the US-China tension has lead to keep the pair in a bearish trend. Even New Zealand's Business NZ Performance of Services Index (PSI) for April has added for the downside of the pair. The figures drop to 25.9 from [...]
