The AUD/NZD traded with a sideways bias through the early European session on Monday, as the Reserve Bank of New Zealand (RBNZ) left its official cash rate (OCR) unchanged at 0.25% and promised to keep its rates the same until March 2021. The Aussie and the Kiwi traded strongly against other top cryptocurrencies last week […]
The AUD/NZD traded in a tight range between 1.0685 and 1.0725 in the mid-European session on Monday and was last spotted trading at the 1.0725 resistance. On Friday, Australia released its AIG Performance of Services Index, which showed a decent improvement from 36.2 in September to 51.4 in October. Meanwhile, the Aussie recorded a short-lived […]
The AUD/NZD continued on a directionless bias in the North American session on Monday. At press time, the pair is trading at 1.0630, up by 0.03% on the day. The blooming market risk sentiment is currently aiding both the Aussie (AUD) and the Kiwi (NZD) to find modest demand against other currencies ahead of the […]
The AUD/NZD continued on its bearish momentum on Monday, as both currencies exhibit unclear biases as the USD (DXY) waxes stronger. The pair recorded a new 3-month low around 1.0637 in the early European session today. Earlier today reports from Australia illustrated that the country recorded better-than-expected trade surplus data. However, this positive development failed […]
The AUD/NZD traded through the Monday on a bearish bias, as the pair continued on its descent from last week. The bearishness can be largely attributed to the weakness in the Aussie (AUD) as a result of a recent RBA announcement. The commodity-related currency dropped across the board after RBA Governor Philip Lowe glossed over […]
The Australian dollar fell broadly today after the RBA hinted at further monetary easing next month. This is also exacerbated by ambiguous job data as well as weaker attitudes towards risk. Now it looks like US policymakers won’t agree to a new stimulus deal ahead of the elections. US stocks have struggled to break record […]
Earlier today, the bearish momentum surrounding the Chinese yuan picked up following the decision of the People’s Bank of China (PBoC) to reduce its FX risk reserve ratio to zero. This sparked some serious bearishness around the AUD, considering the ties of the Australian economy and China. Furthermore, Gold (XAU/USD) stalled through most of today […]
The AUD/NZD spiked significantly from under 1.0600 in late July to tops above 1.1000 in August. In September, the pair experienced a major retracement, which sent it to the 0.0717 September low two weeks ago. Throughout the last week, this pair has managed to rebound higher to the 1.0850 level. However, economists at Westpac (an […]
Over the past week, the G10 currencies have been heavily stirred, following a corrective move in the US dollar (DXY). This correction has been the major driver behind the price dynamics in the FX market of late. Meanwhile, the Australian Dollar (AUD) has been one of the major underperformers, and not just as a result […]
