The New Zealand dollar rallied today with the help of positive macroeconomic data and the weakness of the US currency. The kiwi rallied even as prices for raw materials fell, driving commodity-related currencies down.
Commodities — News Archive
April 02nd, 2015 at 13:04
The Australian dollar sank today, reaching the lowest level since May 2009 against its US counterpart. Australia’s economy relies strongly on export of raw materials, linking the performance of the Aussie to movement of commodity prices.
March 31st, 2015 at 15:39
The Australian dollar remained under downside pressure today, falling to the lowest level since March 18 against the US dollar and to the weakest since February 5 versus the Japanese yen. Currently, the Aussie fights the pressure, managing to trim its losses.
March 25th, 2015 at 14:50
The Australian dollar dipped today against its major rivals. While the currency was staying close to the opening level against the US dollar, it retained losses versus other currencies, including the euro.
March 23rd, 2015 at 11:44
The Australian dollar continued to move higher during the current trading session as the latest policy statement from the Federal Reserve hurt the US dollar, allowing other currencies to carve out gains.
February 16th, 2015 at 17:11
The Australian dollar was neutral-to-lower today as nation’s macroeconomic data was lackluster, making the currency unable to profit from the strong performance of the commodity market.
February 03rd, 2015 at 17:50
The Canadian dollar gained against safe currencies, namely the US dollar and the Japanese yen, today. The currency also trimmed its losses versus the euro though remained below the opening level against the shared 19-nation currency.
January 08th, 2015 at 16:30
The Australian dollar jumped today as economic reports from Australia as well as from the United States were positive, improving the market sentiment and encouraging traders to take more risk.
The US dollar was demonstrating an incredible performance recently, rallying to multi-year highs against many of its most-traded peers. Yet the rally stalled as of now, making traders question what the future holds for the currency.
December 03rd, 2014 at 10:08
The New Zealand dollar weakened today, falling for the second session against the US dollar and the Japanese yen. The kiwi was moving sideways against the greenback for the past three months. Against the yen the New Zealand currency was rising since the end of October but halted its rally at the end of November.