New Zealand Dollar (NZD)

The first trading day of the week comes with few economic releases across the board, which may lead to a tight range until the next Asian session, which set to have some strong data from New Zealand, which likely to have a notable impact on…
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The Reserve Bank of New Zealand's monetary policy meeting due on Wednesday, November 9th is expected to see the central bank lower the overnight cash rate (OCR) by 25bps in all likelihood. The rate cut would bring the New Zealand interest…
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As widely expected, the Reserve Bank of New Zealand left the official cash rate (OCR) unchanged today at 2.0%. This follows last month's decision, which cut the rate by 25bps from 2.25% to 2.0% because growth and inflation remained on the…
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Definition It refers to the Global Dairy Trade Index which measures the change in the average price of dairy products sold at auction, taking place twice a month every two weeks. Moreover, the index measures the weighted-average price of…
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The Reserve Bank of New Zealand will be meeting this week, on August 10 at 2100 GMT for its monetary policy review. At the meeting, the RBNZ is expected to lower the OCR by 25bps, bringing the official cash rate to 2.00%, from 2.25%. The…
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New Zealand exports fall 0.80%, imports down 1.0% in June Yen strengthens amid conflicting views on BoJ's action this Friday Sterling comes under pressure after BoE's Martin Weale comments US dollar slides ahead of FOMC meeting…
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The yen fell sharply this week and on Friday following news reports that the Bank of Japan was considering an ECB-style TLTRO option to introduce negative rates for bank lending. The news report from Bloomberg came out early Friday and the…
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The Australian dollar emerged as the top performing currency last week. The AUD made strong gains led by better than expected unemployment data which saw the Australian unemployment rate fall to 5.70%, the lowest jobless rate since…
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The Japanese yen was the strongest currency last week, rallying over 3.29% across the board. The gains in the yen came about as investors continued to shift bets to the safe haven asset. However, Gold prices did not see much of gains in…
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The US Dollar turned out to be the weakest currency last week, thanks to the dovish comments by Fed Chair, Janet Yellen. Giving a speech at the Economic Club of New York, the Fed chair said that the central bank would take a cautious…
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