NZDUSD NEWS (NEW ZEALAND DOLLAR US DOLLAR)


NZD/USD struggles to defend 0.5700 near two-year low on NZ off, Fed’s Powell, RBNZ’s Orr eyed

NZD/USD stays depressed around 0.5725, after refreshing the multi-day low to 0.5693, as the holiday in New Zealand restricts the Kiwi pair’s moves on Monday. Even so, the broad US dollar strength keeps the pair bears hopeful.

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EUR/USD recovers toward 0.9700 as dollar loses strength

EUR/USD recovers toward 0.9700 as dollar loses strength

EUR/USD has gathered recovery momentum in the early American session and rose toward 0.9700. The US Dollar Index continues to retrace its daily rally after disappointing Chicago Fed National Activity Index reading, helping EUR/USD push higher.

EUR/USD News

GBP/USD climbs into positive territory near 1.0900

GBP/USD climbs into positive territory near 1.0900

GBP/USD has extended its rebound and turned positive on the day near 1.0900. Speculations about the BoE preparing to deliver a statement on the pound's depreciation and the modest selling pressure surrounding the dollar fueled the pair's upside in the early American session.

GBP/USD News

USD/JPY marches towards 144.00 on firmer yields, risk-aversion ahead of Fed Chair Powell’s speech

USD/JPY marches towards 144.00 on firmer yields, risk-aversion ahead of Fed Chair Powell’s speech

USD/JPY renews intraday high around 143.60 as Tokyo opens for Monday, extending Friday’s recovery moves. In doing so, the yen pair also reverses the previous day’s pullback from the 24-year high, triggered by Japan’s intervention to defend the national currency.

USD/JPY News

Gold fails to hold above $1,640 as US yields push higher Premium

Gold fails to hold above $1,640 as US yields push higher

Following the selloff witnessed in the early Asian session, gold turned positive on the day near $1,650 but erased its daily gains. The benchmark 10-year US Treasury bond yield is up more than 2% on a daily basis, not allowing XAU/USD to stretch higher.

Gold News

WTI: Pressured towards refreshing eight-month low near $78.00

WTI: Pressured towards refreshing eight-month low near $78.00

WTI takes offers to refresh the intraday low near $78.10 during Monday’s Asian session. In doing so, the black gold approaches the eight-month low marked on Friday.

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Influential Institutions & People for the NZDUSD

The Reserve Bank of New Zealand (RBNZ)

The Reserve Bank of New Zealand is New Zealand's central bank. Like most central banks, the Reserve Bank is primarily a policy organisation, and exists to do three main things: formulate and implement monetary policy to maintain price stability, promote the maintenance of a sound and efficient financial system and meet the currency needs of the public.

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On the other hand we found The Federal Reserve System (Fed) wich is the central banking system of the United States. Fed has two main targets: to keep unemployment rate to their lowest possible levels and inflation around 2%. The Federal Reserve System's structure is composed of the presidentially appointed Board of Governors, partially presidentially appointed Federal Open Market Committee (FOMC). The FOMC organizes 8 meetings in a year and reviews economic and financial conditions. Also determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth.


Adrian Orr

Governor of the Reserve Bank of New Zealand since March 2018. He is New Zealand born and bred, married to a novelist and they have 3 adult children. Adrian is a 1983 undergraduate of the University of Waikato (New Zealand) and a 1985 Masters graduate (with Distinction) from the University of Leicester (England). Following his Masters, Adrian remained in the United Kingdom for three years working as a Research Associate and tutor at the City University Business School, in London. Adrian returned to New Zealand in 1988 to take up the position of Research Economist at the New Zealand Institute of Economic Research before joining the Economics team at the National Bank of New Zealand the following year. In 1992 Adrian moved to France to work as an economist at the Organisation for Economic Cooperation and Development (OECD). After holding this role for three years, Adrian returned to New Zealand and worked for a short time as a Chief Analyst at The Treasury, before returning to the National Bank as Chief Economist. Adrian was appointed Chief Manager of the economics team at the Reserve Bank of New Zealand in 1997, providing core economic and policy advice to the Governor.

Jerome Powell

Jerome H. Powell took office as Chairman of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028. Prior to his appointment to the Board, Mr. Powell was a visiting scholar at the Bipartisan Policy Center in Washington, D.C., where he focused on federal and state fiscal issues. From 1997 through 2005, Mr. Powell was a partner at The Carlyle Group. Mr. Powell served as an Assistant Secretary and as Undersecretary of the Treasury under President George H.W. Bush, with responsibility for policy on financial institutions, the Treasury debt market, and related areas. Prior to joining the Administration, he worked as a lawyer and investment banker in New York City. Mr. Powell was born in February 1953 in Washington, D.C.

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About NZDUSD

The pair indicates how many American dollars are needed to purchase a New Zealand dollar. Usually seen as a minor currency, its relevance is related to the strong commercial ties the country has with its neighbor, Australia. The NZDUSD pair is often called 'The Kiwi' as the bird is the national symbol of New Zealand.