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NZ Dollar Tumbles This Week As Unemployment Increases

NZ Dollar Tumbles This Week as Unemployment Increases

NZ Dollar exchange rate fell this week as weak jobs data appeared to highlight cracks in the NZ labour market. The adverse data opened up the possibility that the Reserve Bank of New Zealand might be needing to cut interest rates. Unemployment increased dramatically in Q4 2018 The final quarter of 2018 showed unemployment increasing to 4.3%; way above market…

NZD/GBP Pairing Rebounds as Brexit Nears

Although Monday 12th October 2017 saw the NZD/GBP painting struggle, there has been a slight spike made in the afternoon. GBP had previously dipped in value after proposals put forward by the Prime Minister has been rejected by the European Union. There was also a lack of faith in how Brexit was performing following the resigning of Transport Minister, Jo…

NZD Enjoys Gains Thanks to Strong GDP Figures

The mood of the market means that both JPY and USD have been under pressure. However, the NZD enjoyed strong gains due to an unexpected growth in gross domestic product figures. GDP is the official measure of economic growth in New Zealand and is used to manage the New Zealand economy. GDP increased by 1% quarter on quarter during the…

The NZ Dollar Tumbles as Trade War Intensifies

A number of factors have caused the NZ Dollar to plummet this week, further US tariffs on Chinese goods have seen the NZ Dollar Tumble to levels not seen since 2016 against the US Dollar. The increased tariff plans have also seen the safe haven currencies such as the Yen and Swiss Franc capitalise. US-China trade war latest news Following…

NZDUSD 11 Month Low RBNZ

NZD/USD Rate Approaches Year Low Following Downbeat RBNZ

The NZD tumbled during the Asian trading session following the Reserve Bank’s announcement that NZ interest rates would remain on hold at 1.75%. Following the announcement, the NZD lost ground against a host of majors including the US Dollar, the Japanese Yen and the Australian Dollar, with losses ranging from 1.3-1.7% across the board. The sell-off and depreciation of the…

Key FX data this week from The US, Australia, Canada, New Zealand and Europe

The financial week truly begins on Tuesday with the first key piece of data coming in the form of Australian Monetary policy meeting which will no doubt touch on recent data from Australian economy including the weak employment change and Unemployment rate which shaded expectations due to recent Government infrastructure investment. Typically, markets will react accordingly to comments from the…