Tag: nzd/usd

This morning, the Reserve Bank of New Zealand raised rates by 50 basis points to 2.0 %, strengthening the Kiwi in the initial reaction.

This week, the NZD has been under pressure as investors fret over the global growth outlook and the Federal Reserve's next move.

In a rather volatile trading session, the Kiwi declined sharply, despite a 50 bps rate hike by the central bank.

The kiwi shot higher as the central bank seems ready to bring rates further higher soon.

The threat of an "imminent" invasion of Ukraine might be over for now.

What a day in the currency markets as volatility has arrived!

The Kiwi was hammered today, and the RBNZ failed to help. Will the bearish trend continue?

Today, the GDT Price Index was released, which is an important economic indicator for New Zealand, as rising prices increase the country’s export income. The current price of the NZD/USD exchange rate is 0.7105 (September 07, 2021). This pair has dynamical rebounded upwards. Let’s look at statistical and technical analyzes.

The current price of the NZD/USD exchange rate is 0.6970 (July 27, 2021). This pair is currently trading at an important level. The New Zealand dollar is highly correlated with commodities and the strengthening of the USD is usually much higher if commodity prices fall. Let’s look at statistical and technical analyzes.

The current price of the NZD/USD exchange rate is 0.7200 (Jun 08, 2021). This pair is currently trading close to an important level. The New Zealand dollar is highly correlated with commodities. Let’s look at statistical and technical analyzes.