NZDUSD NEWS (NEW ZEALAND DOLLAR US DOLLAR)


NZD/USD’s sharp reversal continues but pair finds support at 0.7250

Friday is seeing another sharp drop in NZD/USD. At present, the currency trades around 1.6% or nearly 120 pips lower on the day and has slumped all the way from Asia Pacific highs in the 0.7370s to current levels around the 0.7250 mark.

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NZDUSD bullish themes

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Latest NZD Analysis

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EUR/USD struggles around 1.21 amid sour market mood

EUR/USD has extended its falls and struggles around 1.21 as the risk-off mood and elevated US bond yields favor the dollar. President Biden's stimulus bill ran into a snag. The Fed's preferred inflation measure and end-of-month flows are eyed.

EUR/USD News

GBP/USD tumbles below 1.39 as the dollar storms the board

GBP/USD has fallen sharply, trading below 1.39 and down some 350 pips from the highs. The US dollar picks up bids as the bond market rout seems to resume. BOE Governor Bailey expects a negative first quarter for the economy. 

GBP/USD News

USD/JPY: Bulls maintain the pressure, 107.00 at sight

Soaring US Treasury yields and falling equities keep leading currencies. Japanese data came in slightly better than expected, indicated slowing economic progress. USD/JPY is technically bullish near fresh 2021 highs, could run past 107.00.

USD/JPY News

Gold melts below $1,750, lowest in 8 months amid high Treasury yields

Gold (XAU/USD) has been extending its downfall as elevated bond yields make the precious metal – which provides no returns – less attractive.

Gold news

WTI remains supported above $62.00, but weighed by buoyant US dollar

A buoyant US dollar into the month-end is weighing on USD-priced crude oil markets on the final trading day of the week. On the day, front-month futures contracts for the American benchmark for sweet light crude, called West Texas Intermediary or WTI, have slipped more than $1.0 and back into the low $62.00s.

Oil News

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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.

The official website, on Twitter and YouTube

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.

RBNZ NEWS & ANALYSIS

FED NEWS & ANALYSIS


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.