New Zealand Dollar – Daily Market Updates with latest New Zealand Dollar exchange rates, charts and rate changes in the major NZD cross currency pairs.
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The US dollar was thrashed after the delivered what can best be described as a “doveish rate hike” on Wednesday. That moved had been well-telegraphed by Fed officials well ahead of time which gave rise to expectations for an upward shift in the pace of 2017 rate increases. It didn’t happen.
Traders bailed out of long US dollar positions and the greenback dropped across the G10 currency bloc. View article >
The Pound (GBP) softened this morning against the majority of its peers as markets await the results of the Bank of England’s (BoE) latest policy meeting.
Despite a report from The Times suggesting that the Bank may begin discussing the possibility of a rate hike following the uptick in inflation, most economists forecast that the BoE will announce that interest rates will be kept at record lows today. View article >
The Pound (GBP) rallied from multi-week lows against the other majors this morning following a report from the Times that the Bank of England (BoE) may consider raising interest rates soon.
Analysts for the newspaper believe that the Bank should begin planning a rate hike to 0.5% in reaction to the accelerated rate of inflation.
However Sterling is likely to cede some of this morning’s gains later in the day as economists predict that the latest employment data will report a fall in Average Earnings at the start of the year. View article >
The Pound (GBP) plummeted against the rest of the majors this morning as markets were spooked by parliament’s decision to pass the government’s Brexit bill without amendments.
Investors had hoped that MPs would back alterations made by the House of Lords that would ensure parliament had the final say on the terms of leaving the EU, however the lower house voted overwhelming to pass the bill without these changes. View article >
The Pound (GBP) rallied against the majority of its peers this morning, reversing some of the damaged done to the currency during last week’s session.
Reports suggest that Prime Minister Theresa May will finally trigger Article 50 this week, likely causing Sterling to tumble as markets fear the uncertainty that two years of negotiations will bring. View article >
The Pound (GBP) recorded some gains against its high-yield peers on Thursday amid a downturn in commodity prices, however it continued to struggle against the other majors.
Persistent Brexit jitters have taken a considerable toll on Sterling sentiment over the past week as markets brace for Theresa May to trigger Article 50 later in the month. View article >
The New Zealand Dollar is today down -0.23% against the United States Dollar, down -0.14% against the British Pound Sterling, down -0.58% against the Euro, up 0.09% against the Australian Dollar, down -0.27% against the Chinese Yuan and up 0.48% against the Fijian Dollar.
Read on for the latest 1-week and 3-month NZD cross rate fluctuations, charts and trends. View article >
The Pound (GBP) strengthened against the majority of its peers on Wednesday as Chancellor Philip Hammond released his first Spring Budget.
While the Budget did not contain a rise in government spending or tax reform as some investors had hoped, the Chancellor’s upbeat post-Brexit outlook and a revision of the OBR’s 2017 growth forecast from 1.4% to 2.0% helped drive Sterling higher. View article >
The Pound (GBP) tumbled against most of its peers this morning as markets await Chancellor Philip Hammond’s budget statement.
Hammond’s warning that the budget will contain no surprises in terms of spending and tax reforms axed hopes that the Chancellor would introduce more measures to ensure Britain’s economy stays competitive after Brexit.
With Theresa May expected to trigger Article 50 by the end of the month, Sterling is likely to continue to struggle over the next few weeks as traders shy away from the currency. View article >
The Pound (GBP) fell against most of the other majors yesterday as investors became increasingly concerned over Brexit.
The news that Peugeot owner PSA would be buying British carmaker Vauxhall also spooked markets as they fear that the new owners could opt to relocate production to the continent in order to avoid possible tariffs after Brexit, putting up to 4500 jobs at risk. View article >
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