Posts Tagged ‘New Zealand Dollar’

Aussie dollar now at relief rally

Posted by Tushar Mathur on June 2nd, 2011

Aussie, the Australian dollar is now at the stress free rally on the trade on Wednesday. The kiwi is also relaxed as they have seen their heights in recent days and developed a little from their lows. Aussie is now much scared to trade or has any contracts as they showed up their economy status. They showed that their GDP (Gross Domestic Product) is 1.2% in the mid of the march.

Before three weak when we look at the values of the Australian dollar it was at $1.0757 which is considered to be the peak value and that was set as reference on Tuesday whereas on Wednesday it was at $1.0751.

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Aussie is now at striking peak against dollar

Posted by Tushar Mathur on March 27th, 2011

Aussie reached its striking range against dollar in Friday trade. Traders told that it reached 29 year peak against the dollar, and New Zealand dollar reached three weeks value higher against dollar. Aussie is now at $1.0229 where it has raised for $0.0024. The last trade value of Australian dollar was $1.0205.

At the month of December it was at $1.0257 where the trade didn’t see this drastic growth since 1982. In a week difference it gained about 24 to 25 percent growth. It developed its resistance as $1.0248 from $1.0162.

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New Zealand Dollar is under a lot of pressure

Posted by Tushar Mathur on February 11th, 2010

International currency market is the largest and biggest financial market in the world but the flip side to the story is that it is also the most fluid market. Needless to say the economic condition of the country determines whether the value of that particular currency will be high or low, in the international currency market. US dollar has ruled the charts for a very long period of time and still remains the undisputed king, as far as international currency trade is concerned. We have seen a lot of pressure in case of the New Zealand dollar.

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New Zealand Dollar Rebounds on Retail Sales

Posted by admin on January 21st, 2010

After losing significantly during most of this Wednesday’s session as risk aversion prevailed globally, the kiwi rebounded in currency markets as retail sales advanced in the country reviving the confidence regarding the Southern Pacific economy. The New Zealand dollar had its worse decline in two months this Wednesday as consumer prices showed negative figures, but a retail sales report published in this Thursday early morning in the country revived confidence in the currency as figures came better than forecasts suggested. NZD/USD traded at 0.7227 as of 12:51 GMT from as low as 0.7185 hours earlier.

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Dollar Benifits From Chinese Lending Requirements

Posted by admin on January 21st, 2010

The dollar gained today versus most of the 16 main traded currencies as China tightened its lending restrictions, raising risk aversion in foreign-exchange markets affecting high-yielding currencies the most, as investors search for safer bets. The U.S. currency continue yesterday’s advance as risk aversion coming from Asia is still playing a major role in market sentiment this week, and the safety provided by assets in the country became one of the best options for these turbulent trading sessions. The euro was one of the biggest losers versus the dollar touching the lowest rate in 2010 today after International Monetary Fund officials affirmed that Greece’s situation is serious, once again making the Southern European nation to affect the outlook for the bloc’s single currency.

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The kiwi retreated at the end of last week on a rise in risk aversion

Posted by admin on November 2nd, 2009

The kiwi dollar struggled on Friday enabling the pound to jump 1.4%, briefly nearing the 2.30 level, as risk appetite in the market waned.Higher-risk currencies struggled to make headway at the end of last week as the rally in global equities in the wake of the positive US GDP data came to an abrupt halt. As global stocks fell, investors sought shelter in the haven currencies fuelling a sell-off in the higher-yielding kiwi dollar, buoying the sterling price. In trading this morning, the New Zealand dollar has pulled back from six-week lows against the pound, with profit taking in high-yield currencies taking a pause.

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Sales data took the pound higher against the kiwi, continues to climb in trading this morning

Posted by admin on October 28th, 2009

The pound made up further ground on the kiwi dollar, gaining 0.65% after positive sales data supported evidence that the UK economy is still on the road to recovery. The sales data, which came in above market forecasts, encouraged investors to buy back into the UK currency, with the price briefly reaching above 2.20. Conversely, selling pressure remained on the New Zealand dollar after the nation’s Prime Minister expressed concern over the currency’s strength, and stated that there were few tools with which to deal with it. Higher-yielding currencies were also under pressure overnight as Asian equities turned negative, with Nikkei 225 losing over a percent, dulling demand for “riskier” assets. In trading this morning the pound has continued to rally, rising to a three-week high over 2.22 as a New Zealand business confidence survey unexpectedly undershot forecasts, weakening the possibility of a hawkish RBNZ rate statement to be made this evening at 20:00.

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The kiwi edged higher against the pound but has weakened this morning following important Chinese data

Posted by admin on October 22nd, 2009

Having given up ground to the UK currency in early trading, the kiwi rallied steadily through the afternoon, to close marginally up at 2.1833. The pound found support yesterday after the BoE’s policy minutes revealed no direct discussion over further loosening the current monetary policy. In the wake of the news, sterling posted an intra-day high of 2.2074 as investors grew more confident in the outlook for the UK economy. However, the New Zealand dollar capped its losses as Alan Bollard, governor of the Reserve Bank of New Zealand, in a speech appeared surprisingly reserved over the recent appreciation of the kiwi dollar.

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Improving global economic sentiment continues to raise demand for kiwi assets, boosting the NZ currency vs the pound

Posted by admin on October 20th, 2009

The kiwi advanced over three and a half cents (1.6%) against the pound yesterday as investors showed renewed enthusiasm for risky assets. Rising commodity-prices and stronger-than-expected corporate earnings in the US have contributed to continued demand for higher-yielding currencies. In addition, investors are now pricing in that New Zealand’s central bank is likely to drop its monetary- easing bias at its meeting next week as economic data point to improvement. Although there has been speculation that the RBNZ has expressed concern that the strength of the kiwi is frustrating economic recovery, strong data has investors questioning whether the central bank can keep interest rates on hold until the middle of next year.

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Sterling has picked itself up from multi-year lows against the kiwi, buoyed by improving economic sentiment

Posted by admin on October 15th, 2009

The pound was able to reverse a four day slide against the kiwi yesterday, following positive data in the UK labour market. Figures showed that fewer than expected Britons claimed for unemployment benefit month-on-month in September, and the overall unemployment rate held steady at 7.9%, beating market expectations of a rise to 8.0%. The kiwi also suffered after some investors turned bearish following weak US retail sales, which fell in September by the largest amount in 2009, driven by a fall in car sales at the end of the country’s scrappage scheme.

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UBS forecasts for the U.S. dollar

Posted by admin on October 13th, 2009

The dollar, which fell this year to the main 16 countries – trade partners of the United States, in the next 3 months will strengthen against the euro, Aoussa, New Zealand dollar is not as strong as analysts expected in the previous forecast.According to the forecast UBS, the euro to the dollar amount to 1.40, the Australian dollar to 80 cents, to New Zealand dollar 65 cents. Dollar / Swiss franc amount to 1.09 to 1.12 Canadian dollar? analysts say. According to the previous forecast of UBS, prospects for the euro / dollar was estimated as 1.35, Aoussa 75 cents, the New Zealand dollar 60 cents, the Canadian dollar exchange rate forecasts of 1.18, the Swiss franc 1,13.

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UBS forecasts for the U.S. dollar

Posted by admin on October 13th, 2009

The dollar, which fell this year to the main 16 countries – trade partners of the United States, in the next 3 months will strengthen against the euro, Aoussa, New Zealand dollar is not as strong as analysts expected in the previous forecast.According to the forecast UBS, the euro to the dollar amount to 1.40, the Australian dollar to 80 cents, to New Zealand dollar 65 cents. Dollar / Swiss franc amount to 1.09 to 1.12 Canadian dollar? analysts say. According to the previous forecast of UBS, prospects for the euro / dollar was estimated as 1.35, Aoussa 75 cents, the New Zealand dollar 60 cents, the Canadian dollar exchange rate forecasts of 1.18, the Swiss franc 1,13.

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The increase in retail sales spurred the New Zealand dollar

Posted by admin on October 13th, 2009

The increase in retail sales spurred the New Zealand dollar, but other currencies remained mostly motionless In connection with national holidays in the United States and Canada yesterday for the currency market was relatively quiet. Most of the session, the dollar’d play the gains made in early Asian trading. In the absence of economic statistics, stock markets moved on to the next report revenue for the 3 quarter, and eventually the S & P closed near the new 12-month high.Despite the retreat of the dollar, British pound is still brought up the rear, crushed projections of the Center of Economic and Business Research (CEBR) on interest rates and foreign exchange market.

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Demand for the kiwi remained strong yesterday, but it has lost ground in the wake of comments from Ben Bernanke

Posted by admin on October 9th, 2009

The pound edged down against the kiwi as rising risk appetite in the market offset the BoE’s decision to hold their monetary policy unchanged. Investors continued to buy into the higher-yielding New Zealand dollar, encouraged by rallying global equity markets and a broadly weaker dollar.In the UK, the BoE kept interest rates at 0.5% and decided against extending the quantitative easing programme as some had feared.However, the decision only gave the pound a muted boost against the kiwi, as investors had already priced the news into the market.In trading this morning, the kiwi has trimmed its gains as investors lock in some profits and as comments from the Fed Chairman suggested that the US may need to tighten monetary policy, spurring a slight return to the US dollar.However analysts have noted that overall market sentiment towards the kiwi is still pretty bullish, and that any upward movement for the pound is likely to be as a result of profit taking, rather than decreasing demand for kiwi assets.

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Kiwi halted its climb yesterday, as demand for higher-yeilding currencies weakened

Posted by admin on October 8th, 2009

Sterling reversed a three-day decline against the kiwi, posting marginal gains following a rise in risk aversion, closing the day at 2.1682. It was a choppy session for sterling, which initially dropped to a low of 2.1476 in early trading, as a lack of major economic data gave support to the higher-yielding currency. However, having dipped, the pound rebounded strongly, regaining over two cents as global equities backed off to trade in the red. Weak European stocks were followed in by the US markets, easing risk appetite and allowing the UK currency to stabilize in the afternoon, consolidating its position above 2.1650.

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