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NZD/USD finds support above 0.7200, back to the 0.7250 area

NZD/USD finds support above 0.7200, back to the 0.7250 area

Kiwi among top performers of the week amid a hawkish RBNZ. NZD/USD remains capped by 0.7300, supported above the 20-day moving average. The NZD/USD bottomed at 0.7212 on Friday amid a rally of the US…

Market News
NZD/USD: RBNZ to push against the perceived hawkishness if kiwi continues rising – Rabobank

NZD/USD: RBNZ to push against the perceived hawkishness if kiwi continues rising – Rabobank

After Wednesday’s surge, the New Zealand dollar is that the fourth-best performing G10 currency within the year so far , after the CAD, GBP and therefore the NOK. The Federal Reserve Bank of latest Zealand is hinted at the likelihood of a post-pandemic rate of interest hike. However, Governor Orr…

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Outlook for NZD/USD remains mixed – UOB

Outlook for NZD/USD remains mixed – UOB

NZD/USD is probably going to navigate within the 0.7125-0.7300 home in subsequent weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “Yesterday, we highlighted that ‘further sustained NZD strength is unlikely’. We added, NZD ‘is more likely to…

Market News
NZD/USD remain firm above 0.7250 after NFP, holds onto strong weekly gains

NZD/USD remain firm above 0.7250 after NFP, holds onto strong weekly gains

A Sharp decline of the US dollar after NFP boosted NZD/USD to weekly highs. After hitting 0.7275, it pulled back, finding support above 0.7230. The NZD/USD is moving toward the daily high it reached at…

Market News
NZD/USD struggles for direction, holds steady above mid-0.7100s

NZD/USD struggles for direction, holds steady above mid-0.7100s

NZD/USD met with some fresh supply on the primary day of a replacement trading week. A subdued USD demand, the risk-on mood helped limit losses for the main. Monday’s US ISM PMI and Powell’s speech eyed for a few trading impetuses. The…