The seasonally-adjusted Trade Balance in New Zealand increased to $-11.99 billion YoY at the end of February, from the previous period’s $-12.62 billion. This was due to a little dip in January that was followed by a rise in both imports and exports in February. New Zealand’s trade gap, also …
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Better than expected Chinese trade data boost NZD/USD New Zealand Dollar rises over 0.65% after the release of much better than expected trade data from China; the country’s chief trading partner. The data indicates a probable increase in demand for New Zealand goods from mainland China. Charts are showing the …
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New Zealand’s dollar has lost ground against the US Dollar following the Reserve Bank of New Zealand’s latest inflation expectations report. The report suggests that prices are likely to fall in the future, capping interest rates, a negative for NZD. The NZD/USD pair has lost 0.37% on the day and …
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Gold retreated after surging on Friday and is trading slightly below $2,000. Silver initially surged towards October highs but later trimmed its gains, settling at $23.30. Markets are looking forward to a busy Tuesday in the middle of a loaded week with central bank meetings and key economic data. Risk …
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Due to increased Treasury yields, gold abruptly pulled back from over $1,880 and dropped below $1,870. Similar to Gold, Silver too experienced a fall and fell under $22.00. The 10-year yield jumped from 4.57% to 4.73%, while the 2-year yield increased from 4.98% to 5.07%.The US dollar continues to trade …
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After losing for a second week in a row, the NZD/USD pair is trading unchanged at 0.5933. Following hawkish FOMC minutes, US Treasury yields are slightly rising. According to RBNZ Governor Orr, a slight recession is necessary.The NZD/USD traded with little losses near 0.5930 on Thursday. On the one hand, …
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The Italian Ministry of Finance announced that it will cap the tax on net interest income on the most vulnerable assets at 0.1%. The markets received this official announcement with a positive response after investors in the banking sector stocks in the country saw that it comes within the framework …
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The NZD/USD pair has gained support from the Reserve Bank of Australia’s hawkish stance and the weaker US dollar during the US holiday session. The uncertain economic outlook in the US due to mixed data and recession fears increases the likelihood of rate hikes. New Zealand’s QSBO improves in Q2, …
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The NZD/USD pair is subdued, around the 0.6190s ahead of Friday’s US economic data. The improved risk appetite on Thursday triggered the NZD/USD’s bounce from daily lows despite not good NZ GDP data.The NZD/USD pair is about to finish Thursday’s session flat after diving towards a daily low of 0.6139. …
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“The projected cash rate peak is not set in stone,” Reserve Bank of New Zealand (RBNZ) Assistant Governor, Karen Silk expressed her view Friday.The news allows NZD/USD to remain firmer even as the geopolitical fears join broad US Dollar strength to challenge the bulls. The reason could also be linked …
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