NZD/USD to remain bid – Westpac

The decline in NZ-US interest rate spreads into negative territory for the first time since 1999 has been ignored by NZD/USD, according to Imre Speizer, Research Analyst at Westpac. Key Quotes “This is not unique to the NZD, with most major currencies also disconnecting from yield spread ...

NZD/USD climbing through Tokyo, pushing to 0.7430 ahead of Europe

NZD/USD continuing to climb ahead of Europe. Kiwi set to close another bullish week. NZD/USD is up ahead of the European session, close to 0.7425 on thin market volumes. Following an upbeat Business PMI release for New Zealand that saw a 55.6 reading, a clean beat over the previous 51.2, th ...

NZD/USD dips in quiet Friday trading, back to 0.7400

NZD/USD dips on thin markets but gets faded quickly. Positive NZ PMI's had little impact in Asia markets. NZD/USD dipped slightly during Asia trading despite positive business PMI figures for NZ. With market volumes thinning, the pair is currently near 0.740 ...

NZD/USD: back above 74 cents – ANZ

Analysts at ANZ noted the recent themes within NZD/USD. Key Quotes: "With correlations shifting again, and FX markets taking their cues from equities as opposed to rates, the USD continues to languish, sending kiwi briefly above 74 cents.  We don’t believe this thematic will last ...

NZD/USD tops $0.7400 near daily highs as stock rise

The NZD/USD is gradually gaining ground, climbing above the $0.7400 level.  Rising US stocks and a calmer market mood result in US Dollar selling. The Business NZ PMI is next up for the New Zealand dollar. The NZD/USD is advancing to higher ground, getting close to $0.7400, just belo ...

NZD/USD climbs Wednesday on Dollar dump, holding steady at the top

NZD/USD catches a lift on US inflation, US Dollar dump. Small pullback on thin volume heading into Europe markets. Kiwi is off its recent two-week high of 0.7395, trading near 0.7373 ahead of European markets. NZD/USD has closed higher for four straight trading days, acceleratin ...

NZD/USD jumps to two-week high of 0.7394

NZD makes most of the return of "USD-dumping" theme. Kiwi rally backed by an uptick in inflation expectations. Backed by an uptick in inflation expectations, the New Zealand dollar is making most of the broad-based sell-off in the USD. The NZD/USD has hit a two-week high of 0.7394 i ...

NZD/USD: more to go in the blue-sky rally?

NZD/USD bulls are gunning for a test of the 0.74 double top highs. NZD/USD RSI and momentum leaning bullish on 4hr and daily time frames.  NZD/USD rallied from 0.7240 on the turnaround in the greenback with the DXY dropping to 89.038 from above the psychological 90 handle and i ...

NZD/USD recovers above 0.7300 on USD sell-off

The NZD/USD is trading around the 0.7330 level after reaching a high of 0.7351 after a sharp rise from 0.7241. The US inflation report sent the dollar higher but the greenback fell back down. The NZD/USD is trading some 60 pips higher on the day at around 0.7330.  The US released stronge ...

NZD/USD eases from one-week tops, back around 0.7300 handle

   •  NZD boosted by RBNZ’s inflation expectations report.    •  Up-move further supported by weaker US bond yields/USD.     •  US CPI/retail sales data eyed for fresh directional impetus.  The NZD/USD pair held on it ...

NZD/USD to head lower on NZ inflation expectations? – ANZ

In respect to the Kiwi, analysts at ANZ explained that the USD weakened overnight with unease persisting ahead of tonight’s US CPI and more talk of Donald Trump taking action on the US trade deficit with China/Asia.  Key Quotes: "Domestic and US inflation will be th ...

NZD/USD likely to stay within a 0.7175/0.7330 range – UOB

FX Strategists at UOB Group believes the pair is poised to navigate within the 0.7175/0.7330 range in the near term. Key Quotes 24-hour view: “NZD traded at a much narrower range than anticipated. The undertone still remains positive and we continue to see chance for a probe higher toward ...

NZD/USD trading up in Asia, looking to vault 0.7270 heading into Europe

NZD/USD capitalizing on USD weakness as risk aversion bites. Thin Asia markets capitulating ahead of Europe markets. NZD/USD is catching a bid in the Tokyo session, currently trading near 0.7260 ahead of the European market open. Underlying fundamentals in the New Zealand economy ar ...