We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bullish
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • AUD/USD has had the most impressive show of trend over the past couple of months with the pair gaining almost 1500 pips from the March low. Get your $AUDUSD technical analysis from @JStanleyFX here: https://t.co/vLz4Rpln3u https://t.co/AOwnJja5V8
  • Has the #Euro been saved? Find out from @CVecchioFX here: https://t.co/eiXfOTyGa6 https://t.co/AyRiYpb4cN
  • U.S. Market Analyst at https://t.co/JsVsSmefgR, Shain Vernier covers - ✔️ Safe haven assets in volatile markets ✔️ Central banks and governments ✔️ How will commodities trade in a recession Only on Trading Global Markets Decoded #podcast. Tune in here: https://t.co/1UmEzEbwiy https://t.co/ygwjGNvS61
  • The $USD, Euro, British Pound and Australian Dollar will all be at the mercy of political developments in Asia, Europe and North America this week. An avalanche of PMI data will set the backdrop. Find out from @ZabelinDimitri here: https://t.co/L8cfAgVx94 https://t.co/THWhPAS6AM
  • The price of #gold plunged 1% immediately after the stunning US jobs report crossed the wires. Get your market update from @RichDvorakFX here: https://t.co/8i0L6YIqjy https://t.co/y9dIXazJf9
  • S&P 500, Dow Jones, Nasdaq explode higher with stocks surging in response to shockingly better-than-expected monthly jobs data. Get your #equities market update from @RichDvorakFX here: https://t.co/nuMVWOzzuC https://t.co/M3nGBjd7kZ
  • The record-breaking NFPs increase behind us and the FOMC rate decision on Wednesday sets the tone for my trading video: 'Dow Soars Above 200-Day Average on NFPs, Will the #Fed Keep the Dollar Sliding' https://www.dailyfx.com/forex/video/daily_news_report/2020/06/06/Dow-Soars-Above-200-Day-Average-on-NFPs-Will-the-Fed-Keep-the-Dollar-Sliding.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/kquvec5HVc
  • Seasonal factors, oversupply issues and the outbreak of COVID-19 has seen the price of liquefied #naturalgas (LNG) fall to 22-year lows (1.519), with the situation exacerbated by ‘fuller-than-normal’ storage facilities. Get your market update here:https://t.co/VOqfkBQ4aR https://t.co/OsaphmqEmu
  • Are recent gains in the Indian Rupee and Nifty 50 warranted? Risks are brewing in the background, leaving USD/INR in a consolidative setting as the Nifty pressures resistance. Get your $USDINR market update from @ddubrovskyFX here:https://t.co/svDaSdprvN https://t.co/kgddX1ZHe4
  • I approve of this dry humor. https://t.co/b42GmIZDlL
New Zealand Dollar Sinks as RBNZ Opens Door to Rate Cuts Ahead

New Zealand Dollar Sinks as RBNZ Opens Door to Rate Cuts Ahead

2015-04-29 22:42:00
Daniel Dubrovsky, Analyst
Share:

Talking Points:

  • RBNZ Says Not Considering Interest Rate Hikes, May Cut Instead
  • New Zealand Dollar Declines Over 1% After RBNZ Rate Decision
  • Key Policy Rate Left Unchanged at 3.50%, in Line with Forecasts

The New Zealand Dollar declined as much as 1.1 percent versus the US Dollar. The drop came after the RBNZ signaled it is not considering a rate hike and will cut borrowing costs instead should demand weaken and inflation settle fall short of levels consistent with the target.

The central bank left its policy interest rate unchanged at 3.50 percent, in line with expectations of economists surveyed by Bloomberg.The RBNZ has now kept rates unchanged for six consecutive meetings.

The bank continued to argue that the exchange rate is unjustifiably and unsustainably high. It added that “the appreciation in the exchange rate, while [New Zealand’s] key export prices have been falling, is unwelcome.

Reserve Bank of New Zealand:

  • Expects to keep rates stimulatory
  • Not currently considering rate increase
  • Would be appropriate to lower rate if demand weakens
  • Would cut rate on weaker demand, less inflation pressure
  • New Zealand Dollar unjustifiably, unsustainably high
  • Currency gain as export prices fall is unwelcome
  • Policy will focus on medium-term inflation trend
  • Will continue to monitor, assess emerging flow of data
New Zealand Dollar Sinks as RBNZ Opens Door to Rate Cuts AheadNew Zealand Dollar Sinks as RBNZ Opens Door to Rate Cuts AheadNew Zealand Dollar Sinks as RBNZ Opens Door to Rate Cuts Ahead

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.