New Zealand dollar continues to fall as interest rate decision still weighs

Economies.com
2019-08-12 16:31PM UTC

New Zealand dollar fell today as the RBNZ interest rate decision still weighs, which has cut rates lower than expected in the market.

 

The Reserve Bank of New Zealand cut interest rates by 50-bp to 1% from 1.5%, lower than forecasts of 25-bp cut.

 

Several central banks are heading for a similar cut to face a slowing economic growth signs and the impact of US-China trade war.

 

The US Fed is also moving to further rate cuts following a similar decision in July for the first time in more than a decade.

 

The trade war pushed global markets, causing volatility and sharp losses amid Trump's tariffs threats.  

 

As of 16:19 GMT, NZD/USD fell by 0.3% to $0.6448, with a high of $0.6475 and a low of $0.6443.

Forex and Currency News

GBP/JPY news

Forex

Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex News

Forex

Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
EUR/JPY news

Forex

Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...

Forex Technical Analysis

Technical Analysis

Forex

The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...
EUR JPY Analysis

Forex

The EURJPY achieves the second target – Forecast today – 26-4-2024
2024-04-26 06:47AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair formed new bullish rally ...
GBP JPY Analysis

Forex

The GBPJPY records big gains – Forecast today – 26-4-2024
2024-04-26 06:46AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair succeeded to keep the bullish ...