The NZD/USD pair trades in negative territory for the third consecutive day near 0.5855 during the early Asian session on Friday.
NZD/USD weakens to around 0.5855 in Friday’s early Asian session, down 0.18% on the day. The US weekly jobless claims declined to a seven-month low. The RBNZ is expected to cut its interest rates by 50 bps next week. The firmer US Dollar to the fresh 2024 tops drags the pair lower. Later on Friday, the flash US S&P Global Purchasing Managers Index data and the final Michigan Consumer Sentiment will be released.
Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand’s main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NZD/USD edges lower to near 0.5950 amid solid US Dollar, dovish RBNZThe NZD/USD pair remains subdued near 0.5950 during European trading hours on Tuesday.
Read more »
NZD/USD holds below 0.6000 on dovish RBNZ, US GDP data loomsThe NZD/USD pair remains on the defensive near 0.5970 during the Asian trading hours on Wednesday.
Read more »
NZD/USD softens below 0.6000 as RBNZ says economic downturn could get worseThe NZD/USD pair weakens to near 0.5970 on Tuesday during the Asian trading hours.
Read more »
NZD/USD: Weak Jobs Could Prompt RBNZ Cut, Congress Outcome to Guide Near-Term MoveForex Analysis by David Scutt covering: New Zealand Dollar US Dollar. Read David Scutt's latest article on Investing.com
Read more »
NZD/USD holds below 0.5900 on dovish RBNZThe NZD/USD pair trades with mild losses around 0.5890 during the early Asian session on Tuesday.
Read more »
NZD/USD remains below 0.5900 due to dovish sentiment surrounding the RBNZThe NZD/USD pair trades near 0.5890 during the early European session on Tuesday, maintaining its stance amid a softer US Dollar (USD) as profit-taking tempers its recent gains.
Read more »