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NZD/USD drops under 0.5850 after RBNZ’s cautious cut

NZD/USD drops under 0.5850 after RBNZ's cautious cut

The NZD/USD fell to about 0.5825 during early Asian trading on Thursday. Minutes from the Fed indicated that inflation is viewed as a larger concern among officials. The RBNZ raised its key cash rate by 25 basis points on Wednesday. In the early hours of Thursday, the NZD/USD pair dipped near 0.5815. The New Zealand […]

NZD/USD drops to around 0.5850 after the RBNZ makes a quarter-point rate cut

NZD/USD drops to around 0.5850 after the RBNZ makes a quarter-point rate cut

NZD/USD faces challenges following RBNZ’s 25 basis point rate cut, lowering the official cash rate (OCR) to 3%. The People’s Bank of China adjusted its 1- and 5-year loan prime rates to 3.00% and 3.50% respectively. White House Press Secretary Caroline Leavitt indicated ongoing plans for a meeting between Putin and Zelensky. The NZD/USD has […]

NZD/USD gains momentum above 0.5900 following New Zealand’s job statistics

NZD/USD gains momentum above 0.5900 following New Zealand's job statistics

During the early Asian session on Wednesday, NZD/USD attracted buying interest around 0.5910, marking a 0.10% increase for the day. In the second quarter, New Zealand’s unemployment rate climbed to 5.2%. Recent weak data from the US has fueled speculation about a potential rate cut by the Fed in September. The NZD/USD pair saw an […]

NZD/USD Price Prediction: Stays close to two-week low after RBNZ, appears weak below 0.6000

NZD/USD Price Prediction: Stays close to two-week low after RBNZ, appears weak below 0.6000

NZD/USD has faced challenges in capitalizing on spikes following the RBNZ’s announcements during Asian trading. Federal Reserve’s potential rate cuts and trade tensions are expected to bolster the US dollar while putting pressure on the kiwi. The current technical landscape favors bearish traders and suggests further declines may be ahead. The NZD/USD pair has diminished […]

NZD/USD rises close to 0.6000, watching for possible US-China discussions

NZD/USD rises close to 0.6000, watching for possible US-China discussions

Market Updates NZD/USD is expected to approach 0.6000 during early Asian sessions on Wednesday. U.S. job openings rose to 7.39 million in April, surpassing predictions. A call between President Trump and Chinese President Xi Jinping is anticipated soon. The NZD/USD pair is holding around 0.6000 in the early hours of the Asian session on Wednesday. […]