Exchange Rates

February 18th 2022 2:00pm (NZT) Our predictions of the Australian Dollar (AUD) run coming to an end came to fruition midweek reversing off recent lows around 0.9260 (1.0800) against the New Zealand Dollar (NZD), the Aussie losing its grip, the cross falling back to 1.0730 (0.9320) into Friday sessions. The long term trend line remains…

February 18th 2022, 2:00pm UK Inflation Wednesday came in at 5.5% year on year just slightly up on the forecast of 5.4% and will most likely not be a game changer and cause the Bank of England to adjust their monetary policy plans. This is a 30 year high in January and consistent with the…

February 18th 2022, 3:00pm The New Zealand Dollar (NZD) extended last week’s gains against the Euro (EUR) to 1.6920 into Friday trading, in the face of solid Eurozone data highlighted by Industrial Production. Risk tone has been calm based on the Ukraine/Russian border situation allowing equity markets to click higher and allowing the NZD to…

November 5th 2021 2:00pm (NZT) The New Zealand Dollar (NZD) is a little softer this week against the Japanese Yen (JPY) after risk conditions burdened the kiwi. The cross slipping to 80.80 early Friday. Dovish Fed communication despite equities soaring led to investors exciting the kiwi. NZ employment data surprised to the upside with the…

October 19th 2021, 3:00pm 4 weeks of losses for the New Zealand Dollar (NZD) came to a halt last week against the Canadian Dollar (CAD) snapping higher off the long term low of 0.8620 to close the week out around 0.8760. Rising covid infections locally have kept the kiwi under pressure of late. Inflation in…

February 18th 2022, 3:00pm The Australian Dollar (AUD) has regained its momentum after last week’s late slump, clocking 0.7220 early this morning against the US Dollar (USD). US Core Retail Sales jumped in January 3.3% after December’s -2.8% slump. Also of note US Industrial Production rebounded by 1.4% after an -0.1% dip. Both offered the…

February 18th 2022 3:00pm (NZT) With the situation at the Ukraine/ Russian border reporting scenes of harmony this has given the Australian Dollar (AUD) room to stretch the legs clawing back last week’s losses from 0.5250 (1.9050) to 0.5310 (1.8830) Thursday before dropping back into Friday trading to 0.5280 (1.8930). UK Inflation midweek released at…

February 18th 2022 3:00pm (NZT) The Euro was well supported early in the week with solid Eurozone economic data highlighted by Industrial Production, however most of the movement since Wednesday has been Aussie positive as the situation at the Ukraine/ Russia Border has been reasonably low key. The Australian Dollar (AUD coming off 0.6280 (1.5930)…