NZ Dollar Drops Against Majors

RTTNews | 281 days ago
NZ Dollar Drops Against Majors

(RTTNews) - The New Zealand dollar weakened against other major currencies in the Asian session on Friday.

The NZ dollar fell to more than a 2-month low of 0.6021 against the U.S. dollar, a 2-day low of 1.1125 against the Australian dollar and a 2-1/2- month low of 1.8080 against the euro, from yesterday's closing quotes of 0.6044, 1.1092 and 1.8080, respectively.

Against the yen, the kiwi edged down to 94.79 from Thursday's closing value of 95.11.

If the kiwi extends its downtrend, it is likely to find support around 0.58 against the greenback, 1.12 against the aussie, 1.83 against the euro and 92.00 against the yen.

read more
Commodity Currencies Rise Amid Risk-on Mood

Commodity Currencies Rise Amid Risk-on Mood

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against other major currencies in the Asian session on Friday, as traders remain optimistic about a favorable outcome from the ongoing tariff negotiations between the U.S. and several partner countries, particularly China, Japan, South Korea and India. Comments from two U.S. Fed officials about cutting interest rates also improved market sentiment.
RTTNews | 1 day ago
Australian Dollar Falls Amid RBA Rate Cut Speculation

Australian Dollar Falls Amid RBA Rate Cut Speculation

The Australian dollar weakened against other major currencies in the Asian session on Thursday, as some traders speculate that the Reserve Bank of Australia (RBA) is likely to lower interest rates by 25 basis points at its next month meeting.
RTTNews | 2 days ago
U.S. Dollar Rises Amid Easing Trade Tensions, Trump's Stance On Powell

U.S. Dollar Rises Amid Easing Trade Tensions, Trump's Stance On Powell

The U.S. dollar strengthened against its major counterparts in the New York session on Wednesday, amid optimism about easing trade tensions between the U.S. and China and President Donald Trump appeared to soften his stance on Federal Reserve Chair Jerome Powell.
RTTNews | 2 days ago
Commodity Currencies Rise Amid Hopes For US-China Trade Deal

Commodity Currencies Rise Amid Hopes For US-China Trade Deal

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against other major currencies in the Asian session on Wednesday, after U.S. President Donald Trump said tariffs on China would be trimmed down from the current 145 percent rate. Reports also indicate that Treasury Secretary Scott Bessent told a closed-door investor summit he expects the trade dispute between the U.S. and China to de-escalate.
RTTNews | 3 days ago