Tag Archives: Kiwi
Australian dollar faces resistance while kiwi advances awaiting rate decision
The Australian dollar nudged higher on Tuesday, brushing up against resistance as a rally in Japanese stocks bolstered risk sentiment across the market.
Aussie and Kiwi hold steady as bond rally fuels rate cut hopes
The Australian dollar (AUDUSD) held at $0.6540, recovering from a three-month low of $0.6480 overnight. Support lies around $0.6466, with resistance at $0.6580.
Aussie and kiwi dollars struggle on China rate cuts; dollar drifts
The Australian and New Zealand dollars struggled near multi-week lows on Tuesday following China’s decision to cut several key interest rates. In contrast, the US dollar showed little change as it awaited new economic cues.
NZ dollar rises despite rate cut expectations and high inflation
Key points: The New Zealand dollar strengthened on Wednesday as domestically-driven inflation remained high, though headline figures eased to a three-year low. Despite this, markets continue to expect around three rate cuts by the end of the year. See: Kiwi on the rise, trading at 0.60744 as seen on the VT Markets app. New Zealand’sContinue Reading
Australian and NZ dollars rise against the yen but fall against the dollar
Key points The Australian dollar climbed 0.2% to 106.98 yen, marking a rebound after four consecutive sessions of declines. This recovery came after suspected intervention from Tokyo last week, which disrupted the popular carry trade, where investors borrow in a low-interest currency like the yen to invest in higher-yielding assets. The intervention saw the AussieContinue Reading
Aussie strengthens against the Kiwi and Yen amidst diverging rate outlooks
The Australian dollar (AUDUSD) stood strong at NZ$1.1080, close to a 20-month high of $1.1017 reached on Wednesday. This strength followed the Reserve Bank of New Zealand’s (RBNZ) unexpected signal of potential rate cuts.
New Zealand dollar rises on Fed rate cut speculation
The New Zealand dollar (NZD) appreciated to $0.611 against the US dollar (USD) as soft labor market data and weaker-than-expected services activity in the US fueled speculation about potential Federal Reserve rate cuts later in the year.
Aussie sees minimal boost from RBA’s hawkish stance
Key points: The Australian dollar showed little movement on Tuesday after the Reserve Bank of Australia (RBA) maintained a cautious stance against inflation. The RBA concluded its June policy meeting with rates held at 4.35%, emphasising that household consumption was stronger than initially reported and monthly consumer price figures had not improved. This stance suggestedContinue Reading
Aussie and Kiwi hit multi-month highs on Euro
Key points: On Friday, the Australian and New Zealand dollars dipped slightly against the safe-haven U.S. dollar as risk aversion swept through European markets. However, both currencies reached multi-month highs against the struggling euro. The Bank of Japan’s announcement to taper its bond-buying program after its July policy meeting also contributed to gains against theContinue Reading
Aussie and kiwi weaken as U.S. risk events loom
Key points: The Australian and New Zealand dollars faced pressure on Tuesday as traders prepared for the Federal Reserve policy meeting and U.S. inflation data. Bond markets lengthened the odds of early rate cuts at home, adding to the cautious sentiment. Aussie dollar dips on weak Chinese Yuan Picture: Aussie slumps as seen on theContinue Reading
