NZ Dollar Down on Trading Partners Hawkish Tone
The New Zealand dollar started this Friday losing versus currencies from its main trading partners as central bankers from Australia and the U.S. are adopting a hawkish tone leaving the New Zealand dollar less attractive as rate hikes are not forecast in the short term for the kiwi nation.
After the Federal Reserve raised its discount rate for the first time in three years in the U.S. and central bankers in Australia stated that interest rates are “below normal” in the South Pacific nation, the New Zealand dollar pared most of this week’s gains fueled by a wave of risk appetite, as opportunities overseas seem more appealing to traders than those available in
NZD/USD traded at 0.6966 as of 03:23 GMT from a previous intraday rate of 0.7019.
If you want to comment on the New Zealand dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.
Earlier News About the New Zealand Dollar:
- NZ Dollar Falls on 2009 Record High Unemployment (2010-02-04)
- New Zealand Dollar Rebounds on Retail Sales (2010-01-21)
- Jobless Rates Push New Zealand Dollar Down (2009-11-05)
- New Zealand Dollar High on Rates Increase Talks (2009-10-21)
- New Zealand Performs Positively on Retail Sales (2009-10-13)
