News & Analysis at your fingertips.

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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
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
Wall Street
Mixed
Gold
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Gold’s progress blocked for now. Inflation data, US Treasury auctions on deck. Get your $XAUUSD market update from @nickcawley1 here:https://t.co/SfE73NXvWk https://t.co/qsWdkiEFfB
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.11% Gold: -0.61% Silver: -1.66% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/5LrVYL4vZl
  • Heads Up:🇨🇦 Business Outlook Survey Indicator (Q1) due at 14:30 GMT (15min) Previous: 1.3 https://www.dailyfx.com/economic-calendar#2021-04-12
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.82%, while traders in France 40 are at opposite extremes with 76.65%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ejfY0hE9tG
  • ECB holdings under PEPP rose by EU17.1B in week ended April 9th. #ECB $EUR
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 2.11% Gold: -0.47% Silver: -0.81% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/PF2xXX4MTU
  • US Dollar Index (DXY) slowly working its way lower towards next level of support. Get your $USD market update from @PaulRobinsonFX here:https://t.co/z3VtBpKL7J https://t.co/zXGIad1jSk
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 0.09% Germany 30: 0.06% US 500: -0.16% Wall Street: -0.18% FTSE 100: -0.39% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/tBZqKf1RaO
  • $USDCHF fell to an intraday low around the 0.9230 level today, hitting a fresh three week low. The pair rose to its highest level since July in early April before turning back downwards amidst increased US Dollar weakness. $USD $CHF https://t.co/7aHWGea4Ta
  • $WTI Crude Oil hit its highest point in nearly a week this morning, rising to trade at the 60.00 level for the first time since last Tuesday. Oil has struggled to move higher in April after hitting pandemic highs in early March. $OIL $USO https://t.co/kblvNhNIEU
New Zealand Dollar Climbs as RBNZ Implements Wait and See Approach

New Zealand Dollar Climbs as RBNZ Implements Wait and See Approach

Ryan Cox, Daniel Dubrovsky,

Talking Points:

  • The Reserve Bank of New Zealand left rates unchanged at 2.75% as expected
  • The New Zealand Dollar climbed more than 0.58% against its US counterpart
  • RBNZ Governor Graeme Wheeler said it is appropriate at present to watch and wait

Macroeconomic events affect currency valuations. Stay updated with major releases on our calendar here.

The New Zealand Dollar climbed more than 0.58 percent against the US Dollar after the Reserve Bank of New Zealand (RBNZ) announced a hold of its benchmark lending rate at 2.75 percent. Markets were expected the RBNZ to hold rates during this meeting after cutting three consecutive times since June of this year.

The central bank’s Governor Graeme Wheeler said that at present it is appropriate to watch and wait. He pointed to remaining concerns about the prospects for slower growth in China and East Asia especially. Additionally, Graeme Wheeler said financial markets are uncertain about the timing and effects of monetary policy tightening in the United States and possible easing elsewhere. Furthermore, Wheeler stated that some further reduction in the official cash rate seems likely to ensure future inflation settles near the middle of the target range. He said that inflation remains below the 1 to 3 percent target range.

Even though the central bank reiterated that further easing seems likely, the outlook of the RBNZ came across as less dovish than in its September meeting statement. Moreover, the central bank implemented a wait and see approach that is dependent on incoming economic data. Looking at 2-year New Zealand government bond yields, they rallied more than 0.54 percent after the announcement. This likely suggests that the markets are becoming less certain of more easing from the central bank in the near-term.

New Zealand Dollar Climbs as RBNZ Implements Wait and See Approach

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

DISCLOSURES