foreign exchange
NZD was under pressure from resurgent USD, to currently trade at 0.7153; NZD lost ground to its Australian cousin over the past week, pulling back from what were surprisingly elevated levels
24th Apr 18, 11:05am
NZD was under pressure from resurgent USD, to currently trade at 0.7153; NZD lost ground to its Australian cousin over the past week, pulling back from what were surprisingly elevated levels
NZD dropped lower off Friday’s high of 0.7375 to close the week against the USD at 0.7350; investors turned to risk aversion late in the week after missile strikes on Syria became a reality; NZD is finally weaker against the AUD
17th Apr 18, 2:47pm
NZD dropped lower off Friday’s high of 0.7375 to close the week against the USD at 0.7350; investors turned to risk aversion late in the week after missile strikes on Syria became a reality; NZD is finally weaker against the AUD
USD kicked of the week around 90.10 on the US Dollar Index, with support still lying with the USD; NZD was rejected from 0.7300 early last week to be sold off in risk off markets; NZD continued its rise against the AUD
3rd Apr 18, 3:48pm
USD kicked of the week around 90.10 on the US Dollar Index, with support still lying with the USD; NZD was rejected from 0.7300 early last week to be sold off in risk off markets; NZD continued its rise against the AUD
Adrian Orr starts his new job today; President Donald Trump is seeking a one third narrowing of the US Trade Deficit with China; NZD has reversed sharply off its last week’s low of 0.7150 against the USD as it eyes 0.7350
27th Mar 18, 3:01pm
Adrian Orr starts his new job today; President Donald Trump is seeking a one third narrowing of the US Trade Deficit with China; NZD has reversed sharply off its last week’s low of 0.7150 against the USD as it eyes 0.7350
US Federal Reserve and RBNZ to announce monetary policy on Thursday; Fed expected to raise rates but RBNZ expected to hold; NZD direction to be driven by central bank announcements and risk sentiment
20th Mar 18, 3:44pm
US Federal Reserve and RBNZ to announce monetary policy on Thursday; Fed expected to raise rates but RBNZ expected to hold; NZD direction to be driven by central bank announcements and risk sentiment
NZD movement this week could be largely governed by investor risk appetite and continuing tariff negotiations; the USD is up slightly over the week with the index breaking back above 90.00; NZ quarterly GDP prints Thursday
13th Mar 18, 3:09pm
NZD movement this week could be largely governed by investor risk appetite and continuing tariff negotiations; the USD is up slightly over the week with the index breaking back above 90.00; NZ quarterly GDP prints Thursday
Australia, Canada, Japan and Europe central banks to make interest rate decisions this week; trade war threats see USD lower; NZD traded lower against the USD but retains edge over the AUD
6th Mar 18, 3:22pm
Australia, Canada, Japan and Europe central banks to make interest rate decisions this week; trade war threats see USD lower; NZD traded lower against the USD but retains edge over the AUD
The NZD drifted lower late last week to a low of 0.7270 against the USD during the NY session to close the week at 0.7292; NZDAUD lost ground; USD retraces recent losses; NZD to look to offshore data for direction this week
27th Feb 18, 2:11pm
The NZD drifted lower late last week to a low of 0.7270 against the USD during the NY session to close the week at 0.7292; NZDAUD lost ground; USD retraces recent losses; NZD to look to offshore data for direction this week
NZD remains near 6 month highs against the USD with momentum still to the upside; NZD also continues to gain support over the AUD, trading to a Friday high of 0.9345; AUDUSD remained supported throughout last week
20th Feb 18, 1:37pm
NZD remains near 6 month highs against the USD with momentum still to the upside; NZD also continues to gain support over the AUD, trading to a Friday high of 0.9345; AUDUSD remained supported throughout last week
NZD closed the week higher against the USD and should appreciate if a risk-on move occurs; NZDAUD market continues to be choppy with a move down to 0.9170 possible; AUD on the back foot against the USD
13th Feb 18, 3:55pm
NZD closed the week higher against the USD and should appreciate if a risk-on move occurs; NZDAUD market continues to be choppy with a move down to 0.9170 possible; AUD on the back foot against the USD
USD recovered on better than expected non-farm payrolls data; NZDUSD down to 0.7285 on the USD rally, however, the 0.7250 support level is expected to hold in the short term; AUDUSD now below the critical 0.8000 level
5th Feb 18, 2:17pm
USD recovered on better than expected non-farm payrolls data; NZDUSD down to 0.7285 on the USD rally, however, the 0.7250 support level is expected to hold in the short term; AUDUSD now below the critical 0.8000 level
The NZD is currently trading at 0.7334 USD and is expected to consolidate ahead of the Fed meeting later in the week; any break below 0.7300 USD would likely extend to the 0.7250 levels; NZD also vulnerable against the AUD if the AU CPI data is strong
30th Jan 18, 3:31pm
The NZD is currently trading at 0.7334 USD and is expected to consolidate ahead of the Fed meeting later in the week; any break below 0.7300 USD would likely extend to the 0.7250 levels; NZD also vulnerable against the AUD if the AU CPI data is strong
The continued shutdown of the US government has seen the US dollar remain under pressure; NZD continues to hold above 0.7300 and is now building a more solid base; NZD opens the week higher against the AUD
23rd Jan 18, 1:39pm
The continued shutdown of the US government has seen the US dollar remain under pressure; NZD continues to hold above 0.7300 and is now building a more solid base; NZD opens the week higher against the AUD
NZD reached an overnight high of 0.7313 USD, the highest level since the end of September 2017; against the AUD the NZD drifted lower to currently sit at 0.9160; GDT results may be pivotal for the NZD
16th Jan 18, 4:08pm
NZD reached an overnight high of 0.7313 USD, the highest level since the end of September 2017; against the AUD the NZD drifted lower to currently sit at 0.9160; GDT results may be pivotal for the NZD
After a high against the USD of 0.7032 the NZD has drifted lower and now stands at 0.7003, upside looks capped at the 0.7020 level; NZD has also drifted lower against the AUD, now at 0.9134
19th Dec 17, 3:58pm
After a high against the USD of 0.7032 the NZD has drifted lower and now stands at 0.7003, upside looks capped at the 0.7020 level; NZD has also drifted lower against the AUD, now at 0.9134
Market prices in 98% chance for Fed rate hike this week; ECB, BoE, Swiss National Bank and Bank of Norway to also announce policies this week
12th Dec 17, 12:08pm
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Market prices in 98% chance for Fed rate hike this week; ECB, BoE, Swiss National Bank and Bank of Norway to also announce policies this week
NZD trading at 0.6809 USD and remains susceptible to further USD strength; NZD continues to trade lower against the AUD; US data continues to be supportive; political uncertainty in Germany weighs in on sentiment
21st Nov 17, 5:29pm
NZD trading at 0.6809 USD and remains susceptible to further USD strength; NZD continues to trade lower against the AUD; US data continues to be supportive; political uncertainty in Germany weighs in on sentiment
NZD is now at 0.6877 USD and should trade around current levels ahead of the US CPI and growth data; NZD trading at 0.9004 AUD and a pullback below the 0.9000 level is favoured
14th Nov 17, 6:05pm
NZD is now at 0.6877 USD and should trade around current levels ahead of the US CPI and growth data; NZD trading at 0.9004 AUD and a pullback below the 0.9000 level is favoured
US data shows enough positives for a December rate hike; NZD higher on commodity prices, trading at 0.6945 USD, 0.6980 level expected to hold advances; NZD trading at 0.9025 against the AUD
7th Nov 17, 1:44pm
US data shows enough positives for a December rate hike; NZD higher on commodity prices, trading at 0.6945 USD, 0.6980 level expected to hold advances; NZD trading at 0.9025 against the AUD
NZD expected to consolidate around current levels of 0.6850 and some retracement of losses expected; against the AUD the NZD has recovered to 0.8915 and the 0.8850 support level is expected to hold
31st Oct 17, 5:38pm
NZD expected to consolidate around current levels of 0.6850 and some retracement of losses expected; against the AUD the NZD has recovered to 0.8915 and the 0.8850 support level is expected to hold
After falling significantly against the USD from 0.7170 before the coalition news, the NZD is trading around the 0.6976 level; NZDAUD trading at around the 0.8928 mark after testing 0.8883 yesterday; AUD driftls lower on stronger USD
24th Oct 17, 4:12pm
After falling significantly against the USD from 0.7170 before the coalition news, the NZD is trading around the 0.6976 level; NZDAUD trading at around the 0.8928 mark after testing 0.8883 yesterday; AUD driftls lower on stronger USD
NZD trading at 0.7082 USD after being weighed down by election uncertainty, 0.7050 is the main support level and downside risks remain; downside risk also seen against the AUD as 0.9050 may be tested
10th Oct 17, 3:47pm
NZD trading at 0.7082 USD after being weighed down by election uncertainty, 0.7050 is the main support level and downside risks remain; downside risk also seen against the AUD as 0.9050 may be tested
NZDUSD likely to trade in the 0.7240-0.7290 range with a downside break favoured; NZDAUD continues to trade in a broad 0.9050-0.8970 range; AUD has held up well above the 0.8000 USD level, a break below which would threaten 0.7970
12th Sep 17, 3:44pm
NZDUSD likely to trade in the 0.7240-0.7290 range with a downside break favoured; NZDAUD continues to trade in a broad 0.9050-0.8970 range; AUD has held up well above the 0.8000 USD level, a break below which would threaten 0.7970
Poor US data was quickly forgotten after a hydrogen bomb test by North Korea over the weekend; NZDUSD has performed well so far this week but downward pressure remains; NZDAUD is lower this week
5th Sep 17, 4:08pm
Poor US data was quickly forgotten after a hydrogen bomb test by North Korea over the weekend; NZDUSD has performed well so far this week but downward pressure remains; NZDAUD is lower this week
NZD trading at 0.7245 USD with critical level of support at 0.7180; NZDAUD down to 0.9125 and looks to form a base around the 0.9100 level; Yellen and Draghi stress importance of leaving in place regulations implemented post GFC
29th Aug 17, 4:01pm
NZD trading at 0.7245 USD with critical level of support at 0.7180; NZDAUD down to 0.9125 and looks to form a base around the 0.9100 level; Yellen and Draghi stress importance of leaving in place regulations implemented post GFC