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New Zealand Dollar – Daily Market Updates with latest New Zealand Dollar exchange rates, charts and rate changes in the major NZD cross currency pairs. This allows you to take advantage of any market moves plus the low margins from our online currency and foreign payment partners to ensure you get the best possible exchange rates deals.

Greenback Slips in Quiet Trade

Categories: AUD, CAD, CHF, EUR, GBP, Markets, News, NZD, USD
The US dollar is starting the New York session with tiny losses across the board in an uneventful overnight session. AUDUSD and NZDUSD inched higher, supported by a bit of a bounce in oil prices. NZDUSD is still receiving help from RBNZ’s non-doveish stance. Nevertheless, NZDUSD is still lower than it was on Monday in Asia. AUDUSD is well below Monday’s level as well. View article >

Sterling Strengthens as May Discusses Expat Rights at EU Summit

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD

Sterling

GBP/USD 1 Week Chart
The Pound (GBP) rallied against the majority of its peers this morning following an EU summit dinner yesterday evening. After the dinner May outlined her plans to allow 3m EU citizens to remain living in the UK after Brexit, with German Chancellor Angela Merkel calling her plans a ‘good start’. Expat rights remain a major hurdle in the UK’s Brexit negotiations, but with the positive reaction to May’s ‘fair and serious’ offer the PM’s plans are likely to bolster confidence that the ongoing talks will progress smoothly. View article >

Twitchy Traders Tracking Crude

Categories: AUD, CAD, CHF, EUR, GBP, Markets, News, NZD, USD
It has not been a stellar week for top tier economic data in Europe or the US. Traders are left scouring headlines and charts for something to justify their trades. They found it in oil, “Texas tea,” black gold”. However, they didn’t load up the truck and move to Beverley; Hills that is; swimming pools movie stars. Instead, the bought Japanese yen, gold and USDCAD. View article >

Hawkish Haldane Sows Division in BoE, Bank to Hike Rates by End of the Year?

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD

Sterling

GBP/USD 1 Week Chart
The Pound (GBP) rallied against most of its peer’s midday on Wednesday as Bank of England chief economist Andy Haldane revealed he was close to voting for a rate hike in last week’s monetary policy committee meeting. While Sterling’s rally was short lived against some of the majors, the news excited investors as the usually dovish Haldane suggested that interest rate would likely need to rise by the end of the year if inflation continued accelerating at its current pace. View article >

Hong Kong Authorities Post Warning on “Dangerous Situation” in Housing Market and RBNZ Keep Cool on Interest Rates

“We have to warn our people about the dangerous situation of the property market,” said Hong Kong’s Financial Secretary, Paul Chan, today. In an interview with Bloomberg’s Haslinda Amin, Chan expressed concern about a potential housing market correction in Hong Kong, which is currently the world’s most expensive city for property. In 2016, Hong Kong stood atop Knight Frank’s Prime International Residential Index with USD 1 million buying a home averaging just 20.6 square metres. View article >

Political Uncertainty Weighs on Sterling Ahead of Queen’s Speech

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD

Sterling

GBP/USD 1 Week Chart
The Pound (GBP) continued to downtrend against the majority of its peers this morning, reaching new multi-month lows as markets remain worried about the political landscape in the UK. With the Queen’s Speech set to outline the government’s legislative plans for the next two years later today, Theresa May is still yet to reach a formal agreement with the DUP to support her party in a minority government, causing some investors to fear that she may not be able to offer the stability she promised. View article >

“Too Early to Raise UK Rates” says Mark Carney

Categories: AUD, CAD, CHF, EUR, GBP, JPY, Markets, News, NZD, USD
Bank of England Governor Mark Carney said, in reference to the outlook and timing of  UK rate hikes, “ From my perspective, given the mixed signals on consumer spending and business investment, and given the still subdued domestic inflationary pressures, in particular anaemic wage growth, now is not yet the time to begin that adjustment” Sterling tanked, dropping from 1.2756 to 1.2670 which is where it sits in early New York trading. View article >

Pound Nosedives as Carney Remains Committed to Low Interest Rates

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD

Sterling

GBP/USD 1 Week Chart
The Pound (GBP) plummeted against its peers this morning as Bank of England (BoE) Governor, Mark Carney spoke at the Mansion House in London. In his speech Carney reiterated his view that now was not the time for a rate hike and that weak wage growth and the uncertainty of the Brexit negotiations were reason enough to leave rates at a record low, despite growing inflationary pressures. View article >

Yen Threatens Major Level Against THB, Falls to Multi-Month Lows vs. NZD and AUD Following Surprise Japanese Trade Deficit

The market received surprising trade data from Japan on Monday. What had been expected as a ¥43 billion trade surplus for the month of May was actually a deficit of ¥203 billion. April’s surplus had been ¥480 billion. The data came as a surprise to many given that the Japanese economy had seemingly been picking up steam in recent months. Japan’s currency, the yen, is considered the FX world’s premier safe haven in part because of the country’s consistent ability to run a trade surplus – a feature which was most evident between the mid-1980s and 2008 and which makes Japan stand out from other developed economies such as the US, UK and Euro area. View article >

Pound Advances as Brexit Negotiations Finally Begin

Categories: AUD, CAD, EUR, GBP, Markets, News, NZD, USD

Sterling

GBP/USD 1 Week Chart
The Pound (GBP) strengthened against the majority of its peers this morning as today marks the start of formal Brexit negotiations. Markets are hopeful that the start of talks will shed some light on how negotiations are likely to proceed, with investors hoping that recent warnings from businesses and Chancellor Philip Hammond over the economic consequences of Brexit may cause the government to soften its approach. View article >
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