NZD/USD Gyrates at Support as Economic Strength Bolsters RBNZ Rate Hike Bets
APAC traders look to close the week out on a bright note following Wall Street rebound. RBNZ rate hike bets continue to strengthen as economy recovers from Covid lockdowns. And, NZD/USD clings to 100-day Simple Moving Average (SMA) after overnight drop.
New Zealand Dollar Sinks as RBNZ Surprises Markets With 50bps Cut
The NZD/USD dropped through support as the Reserve Bank of New Zealand unexpectedly delivered a 50-basis point rate cut from 1.50% to 1.00% amidst heightened uncertainty over trade.
NZD/USD Implied Volatility Soars Ahead of RBNZ Rate Review
With the Reserve Bank of New Zealand on deck, currency traders gear up for potential price action in spot NZD/USD and bid up implied volatility to 15.6 percent – its highest level since May 7.
NZD/USD Downtrend Pauses, 3M Job Cuts Sink Dow Jones, JPY May Gain
The NZD/USD downtrend paused on resistance as dismal US initial jobless claims hurt the US Dollar. 3M job cuts sunk the Dow Jones, S&P 500 futures hint the Japanese Yen may gain.
Currency Volatility: New Zealand Dollar Eyes RBNZ Rate Review
The Reserve Bank of New Zealand's upcoming interest rate decision has potential to send spot NZDUSD swinging according to overnight implied volatility.
NZDUSD Uptrend Extends, 4Q GDP Data Ebbs Near-Term Showdown Fears
NZD/USD unexpectedly rose, closing at its highest since December on lackluster fourth quarter New Zealand GDP data which might have reduced near-term economic slowdown fears.
New Zealand Dollar Weekly Price Outlook: Kiwi Coils into January Range
Kiwi has continued to contract into the monthly opening-range just below trend resistance. Here are the levels that matter on the NZD/USD weekly chart.
