NZD/USD Transfer

ByDragana My Engine Lab

The New Zealand Dollar (NZD) has held up reasonably well against the US Dollar (USD) over the past day or so since Trump’s Tariff speech. Volatility was insane during the Presidents “liberation” address with price dipping to 0.5680 but turning bid to 0.5770. In the following hours with massive losses in US equity markets the NZD wasn’t able to hold 0.5850 dropping to 0.5780 late in the NY session. Trump imposed a 10% tariff on all NZ made products. From here tariff risks should see downside pressures on the kiwi as effects to global growth starts to unfold. US Non-Farm Payroll data prints tonight and should reflect an untick in the number of people who entered the workforce in March. Those looking to buy USD in the short term may want to consider above 0.5730 levels.

The current interbank midrate is: NZDUSD 0.5791
The interbank range this week has been: NZDUSD 0.5647- 0.5852

 

 

Similar Posts

NZD/GBP Transfer

ByDragana My Engine Lab

The British Pound (GBP) reached the triple bottom support at 2.0930 (0.4780) midweek against the New Zealand Dollar (NZD) but couldn’t hold this area cutting lower through to 2.0600 (0.4855) – another key “Fib” level as UK CPI y/y published. UK inflation dropped below the forecast of 6.7% to 4.6% reinforcing rhetoric that the Bank…

NZD/AUD:

ByDirectfx admin

The New Zealand Dollar (NZD) retreated to a June 2021 low of 0.9265 (1.0795)  late Friday against the Australian Dollar (AUD) before moving back to 0.9345 (1.0700) in early Tuesday trading. Both currencies have been very well supported of late with commodities and risk products upside momentum- more so in the Aussie as the currency…

AUD/USD Transfer:

ByDirectfx admin

The Australian Dollar has retreated over the week to the 0.6500 level against the US Dollar (USD) from the weekly open at 0.6650. Easing metal prices and a struggling RMB have contributed to an underperforming Aussie, the pair now sitting at the lowest level since November 2022. Second estimate US GDP for the first quarter…

GBP/AUD Transfer

ByDragana My Engine Lab

It has been a volatile start to the week in the British Pound (GBP), Australian Dollar (AUD) cross with prices very shifty. UK Manufacturing Monday printed below expectations at 51.5 compared to 52.3 sent the GBP lower to 1.9450 (0.5140) off 1.9530 (0.5120) before reversing losses back to  1.9560 (0.5110) towards yesterday’s RBA policy meeting….

Economic Releases

Economic Releases

ByDirectfx admin

Monday 15/11 3pm, CNY, Retail Sales y/y Forecast: 3.80% Previous: 4.40% Tuesday 16/11 2:30am, USD, Empire State Manufacturing Index Forecast: 20.4 Previous: 19.8 1:30pm, AUD, Monetary Policy Meeting Minutes 3:30pm, AUD, RBA Gov Lowe Speaks

AUD/USD Transfer

ByDragana My Engine Lab

The Australian Dollar (AUD), US Dollar (USD) stabilised around 0.6380 into the weekly close, the Aussie holding up pretty well in the face of deteriorating recent Chinese data. This week’s action has seen fresh US weakness giving room for risk currencies to push back- the AUD up at 0.6440 in early Tuesday. The recent strength…