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New Zealand Dollar Drops Against U.S. Dollar in Forex Trading
July 29, 2011Kiwi in currency trading The New Zealand dollar is lower today in forex trading after expectations of a higher rate were crushed. The central bank in New Zealand decided to keep the interest rate the same, and gave no indication that any sort of rate hike is coming in the future. The news is disappointing [...]
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New Zealand Credit Card Spending s.a. (YoY) down to 4.5% in Jun from 5.5%
July 21, 2011FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news. FXstreet.com: Latest News
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New Zealand Dollar Performs Unexpectedly Well in Forex Trading
July 15, 2011Kiwi higher in currency trading The New Zealand dollar is performing quite well today in forex trading on the currency market. Taking a break from the focus on the euro zone and the U.S., some forex traders are turning an eye toward the positive news coming out of New Zealand. Kiwi is gaining in currency [...]
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Another Earthquake Strikes New Zealand
June 13, 2011Interest rate hike for kiwi likely pushed back Many forex traders have been hoping for an interest rate hike for New Zealand, but that is unlikely, given that there has been another earthquake in Christchurch. Now, with efforts hindered in rebuilding after the last earthquake, New Zealand policy makers are likely to hold off on [...]
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New Zealand Dollar: Come Back to Earth!
May 31, 2011In March, I wondered aloud about whether the New Zealand Dollar might be the most overvalued currency in the world. Since then, it has continued its unlikely ascent, rising 10% on a correlation-weighted basis and 3% against the US Dollar, hitting a 26-year high in the process. While there are signs that the New Zealand [...]
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Forex: New Zealand Trade Balance doubles estimates
April 28, 2011FXstreet.com (Barcelona) – The New Zealand Trade Balance accounting for March exports-imports… For more information, read our latest forex news. FXstreet.com: Latest News
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New Zealand Credit Card Spending s.a. (YoY) declines to 1.5% in Mar from 5.2%
April 21, 2011FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news. FXstreet.com: Latest News
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Forex: NZD/USD plummets on interest rate hike
July 28, 2010FXstreet.com (Barcelona) – The New Zealand dollar is currently within a broad downtrend against the greenback directly following an expected rate hike to 3.00% by the Reserve Bank of New Zealand. The NZD/USD has already lost nearly 90 pips breaking through all listed support levels, to where it quotes around 0.7215. Over the course of [...]
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Kiwi Drops as Financial Troubles Could Delay Rate Hikes
May 14, 2010Currency trading with the New Zealand dollar The kiwi is dropping in forex trading on the currency market today as global troubles threaten to delay interest rate hikes. Also contributing to the drop is the fact that risk aversion is high right now, with equities in retreat as concerns about Europe and financial reform send [...]
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Kiwi Shows Promise in Currency Trading
May 6, 2010Forex trading with the New Zealand dollar The kiwi is showing promise in currency trading on the FX market today as it puts in a solid performance. Indeed, the New Zealand dollar surprised some forex traders with its performance. Strong labor data is helping the kiwi in currency trading, as is talk that a rate [...]
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Commodity Currencies Remain in the Spotlight
February 3, 2010In 2009, so-called commodity currencies – both individually and as a group – registered record-breaking gains. The Brazilian Real and the South African Rand finished up more than 30%, while the Australian and New Zealand Dollars finished up about 25% each, and the Canadian Dollar not far behind. While the outlook for 2010 is slightly [...]