Forex News

The speculation that Japan’s policy makers wouldn’t be able to limit the yen’s gains pushed the New Zealand dollar down against the Japanese currency; the kiwi (as the NZD nicknamed) also fell against the US dollar as New Zealand trade balance posted the deficit for the first time in seven months.

Both Australian and New Zealand currencies benefited from the speculations that the Japanese authorities will have to use currency intervention to hold down the yen’s growth.

The New Zealand dollar gained today against its US counterpart after the report showed that the retail sales grew with the fastest pace since 2007; the stocks rallied, adding to the attractiveness of the higher-yielding currencies.

The Australian and the New Zealand dollars fell today after the jobless claims in the US rose unexpectedly and equities dropped, damping the investors’ willingness to risk and decreasing the appeal of the higher-yielding currencies.

The New Zealand dollar fell today after the report showed that the house prices increased with slower pace, causing the speculation that the central bank wouldn’t raise the interest rates next month.

The New Zealand dollar weakened today against the US dollar and the Japanese yen after the Asian stocks fell and on the speculation that the central bank would increase the interest rates with slower pace.

The Australian and New Zealand dollars rose significantly against the other major currencies today as the Chinese stock market demonstrated growth on talks that the government may easy the investment regulations.

The New Zealand dollar halted today its six-day rally against the U.S. currency as the macroeconomic data suggested that the nation’s economy might grow with slower than anticipated pace.

The Australian dollar fell against the Japanese yen and experienced the volatility versus the U.S. currency today on the concerns for the global economic growth; the kiwi outperformed the euro as the New Zealand economy might be in a better shape than Europe’s one.

The New Zealand dollar weakened today on the speculation that it rallied yesterday too much and after the forecast about the slow economic grow proved true.