Posts Tagged ‘reserve bank of new zealand’

Trading NZDJPY Ahead of the NZ Trade Balance

by Christopher Lemieuxon June 26, 2014 9:04 pm BST
The kiwi has been a favorable carry trade against the US dollar, gaining 3.4 percent this month, given that major central banks are keeping their benchmark interest rates at record low levels. The strengthening economy in New Zealand has caused the Reserve Bank of New Zealand to begin increasing their key benchmark rate. This policy […]

NZDUSD Finding Resistance Ahead of Rate Decision

by Christopher Lemieuxon June 11, 2014 1:00 pm BST
The kiwi is finding resistance against the greenback ahead of the Reserve Bank of New Zealand (RBNZ) rate decision. The central bank increased their key benchmark rate in two consecutive meetings, but there is speculation that the RBNZ will refrain from increasing rates again to deter excessive strength. The pair is finding trouble closing above […]

NZDUSD Stabilizes While Dairy Prices Pose Risk

by Christopher Lemieuxon May 26, 2014 3:00 pm BST
The kiwi has stumbled since reaching .8778 on particularly solid fundamentals and consecutive rate increases from the Reserve Bank of New Zealand (RBNZ). The recent demand in the US dollar has dampened trader sentiment against risk currencies, which has picked up at the end of last week on positive housing data. “We are overdue for some continued […]

NZDUSD Pulls Back After the RBNZ’s Threats of Intervention, Employment Data Weaker Than Forecasted

by Christopher Lemieuxon May 7, 2014 2:35 am BST
The New Zealand dollar has been on a tear over the last few months. The optimistic fundamentals and back-to-back increases in the benchmark interest rate has kept demand high. However, the Reserve Bank of New Zealand (RBNZ) has threatened to sell New Zealand dollars and intervene in the foreign exchange market. RBNZ Governor Graham Wheeler said […]