New Zealand Economy

Dollar

The dollar fell, the Australian and New Zealand dollar rose

On November 27, the U.S. dollar declined in early London trading as it continued weekly loss against a basket of currencies. The greenback decreased by more than 2.2% during the month as global market sentiment increased on Joe Biden’s U.S. election victory and news of progress in coronavirus vaccines. That factors weighed on demand for …

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yuan and dollar

The Yuan, Australian and New Zealand Dollars Fell in Asia

On Monday, Asia’s trade-exposed currencies held firm as data confirmed China’s economic recovery from the Covid-19 crisis stimulated in the third quarter, with the yuan staying close to its recent 1-1/2-year high. Significantly, China’s gross domestic product increased by 4.9% in the July-September period from a year earlier. Unfortunately, that raise was slower than analyst’s …

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