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The New Zealand Dollar (NZD) gained off last week’s 0.4400 (2.2740) over the week against the British Pound (GBP) reaching 0.4470 (2.2360) midweek. Bank of England (BoE) Governor Bailey spoke yesterday saying the bank won’t be “panicked” into making irrationals rate cuts with the forecast expected to be “gradual and careful” as inflation risks remain….
US jobless claims dropped to 233k last week compared to 240k expected sending the US Dollar (USD) higher initially against the Australian Dollar (AUD) with price touching 0.6535 before bouncing back. US Employment also beat expectations of a 4.3% release coming in a solid 4.1% with job gains in state govt and healthcare. Earlier in…
Despite risk markets favouring the New Zealand Dollar (NZD) the British Pound (GBP) has been the strongest currency in the G10 continuing last week’s rally from 0.4490 (2.2280) to 0.4415 (2.2650) this morning. Technically on the chart the cross sits at the neck and shoulder pattern area suggesting if we get a break past 0.4400…
Another directionless week in the Australian Dollar (AUD), New Zealand Dollar (NZD) cross with prices recoiling off 0.9235 (1.0830) to post 0.9285 (1.0770) and mostly back again to trade into Friday towards 0.9250 (1.0810). Australian CPI came in soft at 2.1% much lower than the anticipated 2.3% sending the AUD south. Markets are now pricing…
The Australian Dollar (AUD) has posted a 2025 “daily” high against the US Dollar (USD) this overnight against the US Dollar (USD) posting 0.6545 where the cross sits in morning trade. Extending gains off early week’s 0.6370 the Aussie has been bid based on de-escalation in the Middle East, worse than expected US data and…
The Australian Dollar (AUD) extended losses through mid week against the British Pound (GBP) posting 0.4755 (2.1030) yesterday, the Aussie sold off heavily. The Australian economy is expected to grow by 1.7% in 2025 and 2.3% in 2026 with inflation expected to remain at a solid 2.5%. May inflation y/y came in at 2.1% compared…
The New Zealand Dollar NZD) extended gains to the upside over the week against the US Dollar (USD) reaching 0.6070 in overnight markets just shy of the yearly high. Faster than expected Fed interest rate declines have pushed buyers into the kiwi together with some mixed US data printing overnight. NATO leaders have agreed to…
The Australian Dollar (AUD) closed out the week on the back foot against the US Dollar (USD) falling from 0.6450 to reach 0.6370 mid Monday as risk sentiment took a beating on geopolitical uncertainty in Iran. Overnight greenback strength slipped, and the Aussie surged to 0.6460 as equity markets also posted gains. The US airstrikes…
The New Zealand Dollar (NZD) has pushed lower 2 week’s running dropping off the 11 June low off 0.5305 (1.8850) to trade at 0.5130 (1.9480) this morning against the Euro (EUR). Tensions in the middle East continue to spook market sentiment, the NZD underperforming in broad based EUR “risk” strength. European Manufacturing came in benign…
The New Zealand Dollar (NZD) has pushed lower 2 week’s running dropping off the 11 June low off 0.5305 (1.8850) to trade at 0.5130 (1.9480) this morning against the Euro (EUR). Tensions in the middle East continue to spook market sentiment, the NZD underperforming in broad based EUR “risk” strength. European Manufacturing came in benign…