NZD/USD slides to fresh three-week lows below 0.6400 as investors wait for US inflation data

The NZD/USD slumps to fresh three-week lows, despite the RBNZ’s beginning of its QT programme. US initial Jobless Claims rose more than expected, but market players are focused on US inflation data. The RBNZ will begin its Quantitative Tightening (QT) program at an NZ $5 billion rate. The New Zealand dollar slides for the fifth … Read more

Will begin five-year exit from QE bond holdings in July

The Reserve Bank of New Zealand (RBNZ) said in a statement on Thursday, it will commence selling off the government bonds acquired during its quantitative easing (QE) program gradually over the next five years, Bloomberg reports. Key quotes “The Reserve Bank will sell bonds back to the Treasury Department’s debt management office at a rate … Read more

AUD/NZD steadies around 1.1020 on higher than expected Aussie GDP

AUD/NZD has displayed a subdued performance despite the release of the aussie GDP. The quarterly and annualized GDP figures have landed at 0.8% and 3.3% respectively. Caixin Manufacturing PMI has been recorded at 48.1 higher than the forecast of 47. The AUD/NZD pair is trading lackluster in the Asian session despite upbeat Gross Domestic Product … Read more

NZD/USD bulls attack 0.6550 even as RBNZ’s Convay sounds cautious

NZD/USD picks up bids to refresh daily tops, higher edges around monthly top. RBNZ’s Convay sees softer inflation in H2 2022, shows readiness to pull back the rates if needed. US dollar pause previous south-run around monthly low as market sentiment dwindles amid US bank holiday, light calendar. NZD/USD remains on the front foot near … Read more

NZD/USD marches towards 0.6500 despite renewed NZ recession fears, US PCE eyed

NZD/USD is advancing towards 0.6500 as DXY weakness ahead of US PCE. The antipodean is performing stronger despite renewed fears of recession. A consecutive 50 bps interest rate hike has been announced by the RBNZ. The NZD/USD pair has displayed a bullish open drive move in the early Tokyo session, following a bullish Wednesday. The … Read more