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The New Zealand dollar is in positive territory on Friday. NZD/USD is trading at 0.5722 in the European session, up 0.46% on the day. NZ Manufacturing PMI rises to near-three year high New Zealand’s manufacturing sector improved in February, as Manufacturing PMI rose to 53.9, up from 52.5 in January. This was the highest level […]

The post New Zealand Dollar Climbs as Manufacturing Improves appeared first on Action Forex.

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28/02/2024

AUD/NZD Technical: Squeezed Up Towards Key 1.0700 Resistance Ex-post RBNZ

New Zealand central bank, RBNZ maintained its OCR at 5.50% but surprised markets with lower OCR forecasts for 2024 and 2025. A less hawkish RBNZ has triggered a sell-off in the Kiwi (-1% intraday against the USD), the worst-performing currency among the majors. The current weak outlier movement of the NZD has triggered a potential […]
03/10/2024

Dollar Growth or Just a Rebound? NFP Holds the Key

The Dollar Index rallied for the fourth day in a row, gaining over 1.7%. Thanks to a mix of geopolitics and shifting expectations for the Fed’s next move, the dollar bounced solidly off the 100-point low on the DXY. After the decline, the dollar came close to testing the key medium-term 50-day moving average and […]
13/08/2024

AUD/NZD: A Dovish RBNZ May Maintain Aussie Outperformance Over Kiwi

New Zealand’s core inflation trend has decelerated at a faster pace than Australia. RBNZ may use tomorrow’s monetary policy meeting to offer dovish guidance and bring forward its projected first interest rate cut in H1 2025. A dovish hold by RBNZ may reinforce the continuation of the AUD/NZD medium-term bullish trend with key support at […]