New Zealand Economy

U.S. Dollar remains strong. The Kiwi hit a new high Friday

U.S. Dollar remains strong. The Kiwi hit a new high Friday

The U.S. dollar was headed for its best weekly gain in about a month today. Investors supported the greenback, moving on the risk-off attitude as rising coronavirus infections loomed over the pandemic recovery. Meanwhile, the New Zealand dollar skyrocketed due to a hot inflation reading. On Friday, the NZD was the biggest mover amongst major …

U.S. Dollar remains strong. The Kiwi hit a new high Friday Read More »

The EUR/USD Pair Declined on Thursday. What about GBP?

EUR, USD, JPY, GBP, AUD, NZD, CNY Forecast for Thursday

The EUR/USD continued its downtrend in the Asian session on Thursday morning. The pair traded near the multi-month low, around 1.1795, for a while. However, currently, it stands at 1.1790, higher by 0.01% for the day. The U.S. Dollar Index remained steady at a 13-week high against six major rivals on Thursday, despite the Federal …

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USD, EUR, GBP, AUD, and NZD’s trading forecast for Monday

The EUR/USD pair traded lower this week as predicted. It hit the next target of 1.1820/10 on Monday. Furthermore, the pair bottomed at that range before NFP boosted it, enabling recovery to the first resistance level at 1.1870/80. Meanwhile, the USD/CAD pair soared higher as predicted last week, especially after the bullish cup and handle …

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U.S. Dollar Continued a Rally Against the Euro on Wednesday

USD, EUR, GBP, AUD, and NZD’s moves Wednesday – Market Warp

Traders continued buying safe-haven dollars on Wednesday. As a result, the EUR/USD pair struggled. After soaring from the multi-month low near 1.1891 in the previous week, the common currency declined again while the dollar rallied. However, the pair managed to gain 0.05% today. It traded at 1.1902 at last. Meanwhile, the U.S. Dollar Index remained …

USD, EUR, GBP, AUD, and NZD’s moves Wednesday – Market Warp Read More »

pound, yuan, dollar, euro

Dollar Steadied on Tuesday While Aussie and Kiwi Lowered

The U.S. dollar was steady on Tuesday while investors were waiting for Federal Reserve Chair Jerome Powell’s comments about the agency’s further guidance. The Fed surprised the markets when it suddenly announced that it’s considering tempering the ultra-easy policy after reiterating many times that it wasn’t a plan. The dollar has skyrocketed since the Fed last week …

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dollar, Safe-Haven Currencies rose against U.S. Dollar on Wednesday

U.S. dollar rebounded. How did the Aussie and the Kiwi fare?

The U.S. dollar soared on Wednesday, recovering some of the losses from the previous session. U.S. yields rebounded following their plunge from one-year highs, boosting the Dollar as well. On the other hand, riskier currencies, such as the Australian and New Zealand dollars, declined after hoarding big gains on Tuesday. The euro tumbled down by …

U.S. dollar rebounded. How did the Aussie and the Kiwi fare? Read More »

Aussie and other currencies

Aussie and New Zealand dollar rallied. What about euro?

The New Zealand dollar tumbled down briefly on Wednesday before surging forward to the highest point since April 2018. The country’s central bank highlighted patience over the timing of exiting ultra-easy policy settings, causing the currency’s rally. Other antipodean currencies soared, and the promise of extended easy monetary conditions worldwide bolstered traders’ appetite for riskier …

Aussie and New Zealand dollar rallied. What about euro? Read More »

japanese yen

Japanese Yen, Australian And New Zealand Dollars Saw a Decline

The major Asia-Pacific currencies declined as the greenback strengthened. Some volatility made the Japanese Yen a less-attractive safe-haven while declining demand for the higher-risk Australian and New Zealand Dollars. There was little domestic data in Australia, New Zealand, and Japan to drive the price action. Still, the recent movement shows that traders are throwing their …

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