Kiwi

18 June 2024
Aussie sees minimal boost from RBA’s hawkish stance

Key points: The RBA held rates steady at 4.35%. Markets now see a 56% chance of a rate cut in December. Core inflation in Australia stands at an annual 4.0%. The Australian dollar showed little movement on Tuesday after the …

14 June 2024
Aussie and Kiwi hit multi-month highs on Euro

Key points: Australian and New Zealand dollars reach multi-month highs against the euro. Political uncertainty in Europe boosts demand for safe-haven assets, impacting bond yields. On Friday, the Australian and New Zealand dollars dipped slightly against the safe-haven U.S. dollar …

11 June 2024
Aussie and kiwi weaken as U.S. risk events loom

Key points: Australian and New Zealand dollars slip ahead of Fed meeting and U.S. inflation data. Support for Aussie dollar at $0.6580 and kiwi dollar at $0.6080. The Australian and New Zealand dollars faced pressure on Tuesday as traders prepared …

31 May 2024
NZD rises against slow economic growth in the U.S. 

Key Points:  New Zealand dollar rises to $0.612 as economic growth in the US is slower than expected, indicating potential for rate cuts.  Investors await US PCE inflation data and the speech from RBNZ Governor Adrian Orr.  The New Zealand …

30 May 2024
Aussie, Kiwi steady after setback from U.S. bond yields surge

Key points: Aussie pinned at $0.6605: After retreating from $0.6667, the AUDUSD faces immediate support at $0.6592 and resistance at $0.6680. Kiwi eases to $0.6108: With resistance at $0.6170 and support around $0.6084, the NZDUSD reflects cautious trading. The Australian …

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