Wed, June 19, 2024

NZD trading

Australian and New Zealand dollars fell. What about Euro

NZD/USD at 0.6175 Amid Fed Rate Cut Expectations

Quick Look: Current Trade Level: NZD/USD trading at 0.6175 in the early Asian session, reflecting global economic influences. Fed Rate Expectations: Anticipation of Fed rate cuts in September weakens USD, supporting NZD. US Dollar Index: Stays near 104.00 due to potential Fed rate cut; key US economic data awaited. Recent US Economic Data: April JOLTs …

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Global Markets and Crude Oil Prices Affected Indian Rupee

Indian Rupee Slides Before Key PMI Data and Election Results

Quick Look: Currency Movements: The Indian Rupee recovered against the USD ahead of key PMI data from India and the US. Recent Price Changes: USD/INR saw its biggest weekly drop over two months due to month-end USD demand from importers. Significant Developments: Potential BJP victory in India’s election could strengthen the INR, with the RBI …

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Wibest – NZD/USD: One hundred New Zealand dollar bills.

RBNZ’s Hawkish Minutes Shift NZD/USD to 0.6080

Quick Look: Hawkish FOMC Meeting Minutes: The FOMC revealed a cautious stance on rate cuts, strengthening the US dollar. NZD/USD Volatility: Following the FOMC release, NZD/USD fell to 0.6080, indicating a significant market reaction. RBNZ’s Monetary Policy: Despite holding rates at 5.5%, RBNZ’s hawkish statement increased the likelihood of a rate hike. On Wednesday, the …

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NZD/USD - NZD USD digital trading chart.

NZD/USD Hits 0.6120: Fluctuations Amid Economic Updates

Quick Look: NZD/USD Trade Levels: Recent trading at 0.6120 with fluctuations between 0.6140 and 0.6070. Economic Data Influence: US inflation at 3.4%, retail sales stagnant; impact of upcoming RBNZ rate decision. Market Predictions: Bullish trend with potential resistance at 0.6180 and support at 0.6080. The New Zealand Dollar (NZD) has recently experienced notable fluctuations against …

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NZD/USD - New Zealand dollar bills.

NZD Falls to 0.6000 USD Amid Weakening Economic Indicators

Quick Look: The NZD/USD current rate is 0.6000 amid bearish trends, weakening domestic indicators, and strong US data. Reserve Bank of New Zealand hints at a possible rate cut 2024 due to declining inflation expectations. Technical analysis shows NZD/USD nearing critical support, with potential deeper lows if current levels break. The New Zealand Dollar (NZD) …

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ibest – Reserve Bank of New Zealand: New Zealand dollar bills.

NZD: Global Markets Waver Amid New Zealand Inflation

Quick Look: The New Zealand Dollar plunged by 0.92% after inflation data came in lower than expected at 0.1% for Q1 2024. The Reserve Bank of New Zealand plans to cut rates with inflation below target. Forecasts are suggesting two reductions this year. Geopolitical tensions between Israel and Iran escalated, influencing global equity and commodity …

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Wibest – NZD USD: A close up of a New Zealand dollar coin.

NZD/USD Struggles at Key Resistance Levels

Quick Look: NZD/USD stalled at 0.5920 and faces resistance at 0.5940 with further hurdles at 0.6100, 0.6135, and 0.6160. Positioned below 200-hour EMA of 0.5950; RSI below 60, suggesting potential upward movement.  Cautious investor sentiment due to US inflation, geopolitical tensions, and high US interest rates. The New Zealand Dollar (NZD) is presently encountering a slight …

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The Euro at Its Lowest Since 2020 (EUR/USD)

EUR/USD Eyes 1.0665 Amid Mixed Central Bank Signals

Quick Look: EUR/USD shows potential for a minor rebound, facing mixed market sentiments. Key support at 1.0600-1.0605, with resistance near 1.0710. Hawkish Fed vs ECB rate cut rumours fuel volatility. Upcoming economic events include UK inflation data and the ECB President’s speech. NZD strength on inflation report, GBP volatility ahead of UK data. The Euro …

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