Tag Archives: NZD

Reserve Bank of New Zealand Deputy Governor Geoff Bascand said on Monday that while longer-term inflation expectations in the country remain well anchored, short-term inflation expectations have increased. Key Comments:“The RBNZ will take considered steps for now.”“Predicts unemployment rate to drift up to about 4%.”“More confident that the labour market …

The Euro drops sharply during the New York session, down 0.08%, trading around the 1.1300s. In the last two hours, the market sentiment has been mixed. European stock indices finished the session in the red territory, contrarily of rising US indices across the pond. The NZD and the GBP are …

The New Zealand dollar has extended its losses and t the start of the week. NZD/USD is currently trading at 0.6970, down 0.40%.The deterioration in risk sentiment sent the New dollar sharply lower on Friday, as the currency fell 0.68% and ended the week just below the 70 level, at …

New Zealand’s key sub-indices of production; namely Purchasing Managers’ Index (PMI) for the manufacturing sector (rose to 54.0) from prior reading at 51.4 and New Orders (53.9) were both in positive territory for the first time since July. Deliveries (59.9) led the way towards catching up on the economic activity, …

The NZD/USD pair has advanced as the New York session end. It has leaped up 0.43%, trading at 0.7198. Market sentiment is positive, portrayed by U. S. equity indices finishing in the green zone, with gains between 0.68% and 1.15%. The US Dollar Index, which tracks the USD’s performance against …

“Vaccinations are our armor,” said New Zealand Prime Minister Jacinda Ardern while revealing the new governmental measures to battle the coronavirus during Friday morning in Asia.“In a suite of announcements that establish a pathway out of restrictions the NZ government is also providing up to $940 million per fortnight to …

New Zealand Prime Minister Jacinda Ardern announced today, Thursday, that her country has signed a historic Free Trade Agreement (FTA) with Britain, adding that the free trade agreement will boost New Zealand’s gross domestic product by about one billion New Zealand dollars, through the unprecedented access of New Zealand products …

Prices of residential property across New Zealand rose by 15.4% to $795,000 in September 2021 compared to $689,000 in September 2020, according to the latest data from the Real Estate Institute of New Zealand (REINZ).Seven out of 16 regions reached new record median prices, the most since April 2021. Nine …

The NZD/USD pair slid Wednesday to 0.0052 -0.75% despite the Reserve Bank of New Zealand lifted its benchmark rate to 0.5% from a record-low 0.25% and signaled more increases over the next year, as it seeks to tame inflation stoked by higher oil prices, rising transport costs and supply-chain disruptions. …

New Zealand’s dollar declined 0.34% to $0.6939, away from a four day peak at $0.6981.The Reserve Bank of New Zealand will decide on the state’s fiscal policy on Wednesday, with markets expecting a quarter point rate hike. With markets already pricing a rate hike cycle, the likelihood of material NZD …