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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • RT @FxWestwater: #NaturalGas Outlook: US Prices Sink Despite Global Supply Disruptions Link:…
  • Heads Up:🇬🇧 Inflation Rate MoM (DEC) due at 07:00 GMT (15min) Expected: 0.2% Previous: -0.1%
  • Heads Up:🇬🇧 Inflation Rate YoY (DEC) due at 07:00 GMT (15min) Expected: 0.5% Previous: 0.3%
  • Heads Up:🇬🇧 Core Inflation Rate YoY (DEC) due at 07:00 GMT (15min) Expected: 1.3% Previous: 1.1%
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
  • Alibaba's share price surged 8.8% after its founder Jack Ma reappeared after months out of public view. - BABA (+8.8%) - Tencent (+3.36%) - Meituan (+8.04%) - Xiaomi (+1.75%)
  • German Covid deaths increase by 1,734 - BBG
  • Trump grants full pardon to Stephen Bannon, Elliott Broidy - BBG
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in EUR/JPY are at opposite extremes with 64.67%. See the summary chart below and full details and charts on DailyFX:
  • China's wealthiest person, Jack Ma reportedly released a video supporting a program for rural teachers. He hasn't been seen since the Chinese gov't rejected his company's, Alibaba, IPO. Notably, $BABA was up 3.4% this past session
New Zealand Dollar Climbs as Retail Sales Growth Beats Estimates

New Zealand Dollar Climbs as Retail Sales Growth Beats Estimates

Daniel Dubrovsky, Analyst

Talking Points:

  • The New Zealand Dollar appreciated against its major peers and bond yields climbed
  • Total retail sales growth surpassed estimates and clocked in at highest since Q2 2016
  • Just started trading NZD/USD? See our beginner guides to help build your strategy!

The New Zealand Dollar enjoyed a boost at the beginning of this week’s session as better than expected retail sales growth increased RBNZ rate hike bets. In the second quarter of 2017, the total volume of store transactions rose 2 percent.

This was the strongest reading since Q2 2016 and it was supported by a record 4.2 percent increase in the food and beverage industry. According to Stats New Zealand, this was largely due to the influx of sporting fans and visitors for the World Masters Games and the Lions rugby tour.

Just last week, the Reserve Bank of New Zealand signaled that their next interest rate move will likely be a hike around the third quarter of 2019. With that forecast being quite some time ahead of us, the markets likely interpreted the data as leading to the RBNZ acting sooner. Indeed, local front-end bond yields climbed.

New Zealand Dollar Climbs as Retail Sales Growth Beats Estimates

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