Kiwi tilts lower as US dollar strengthens

Economies.com
2021-03-16 15:17PM UTC

The New Zealand dollar slipped on Tuesday, as the US currency continued to pressure other currencies.

 

New Zealand's credit card spending index fell 10.6% during the month ending January 21, after falling by 6.7% during the month ending December 20.

 

The Federal Reserve meeting will start later today, to discuss monetary policy amid the latest developments regarding the pandemic, and the bank's targets for employment and inflation.

 

The meeting will continue until Wednesday, followed by the interest rate decision and a press conference by Fed Chair Jerome Powell.

 

Countries around the world are intensifying their efforts to combat the Covid-19 pandemic with largescale vaccination campaigns.

 

As of 15:12 GMT, NZD/USD fell 0.1% to 0.7191, after hitting an intraday high of 0.7207 and a low of 0.7168.

Forex and Currency News

Forex News

Forex

Dollar gives up one-week high ahead of Waller's remarks
2024-05-24 12:04PM UTC
Dollar fell in European trade on Friday against a basket of major rivals, giving up one-week highs ...
GBP/USD news

Forex

Sterling backs off two-month high after grim data
2024-05-24 07:44AM UTC
Sterling fell in European trade on Friday against a basket of major rivals, extending losses for ...
USD/JPY news

Forex

Yen hovers near three-week low under supervision of BOJ
2024-05-24 04:05AM UTC
Yen declined in Asian trade on Friday against a basket of major rivals, extending losses for the ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 24-05-2024
2024-05-24 09:12AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades positively to attempt to ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 24-05-2024
2024-05-24 09:12AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows some bullish bias to test ...
Technical Analysis

Forex

The GBPCAD continues to rise – Forecast today – 24-5-2024
2024-05-24 09:01AM UTC
GBPCAD Price Analysis Expected Scenario The GBPCAD price repeated the positive closings ...