Daily Forex Commentary

28 August 2015 - US growth favours a stronger Greenback

By Michael Judge
New Zealand Dollar: The US economy has demonstrated signs of growing momentum during overnight trade with pending home sales, week... read more

27 August 2015 - NZDslides as relief rally falls short

By Michael Judge
Australian Dollar: Having traded as high as 0.7249 when valued against its US Counterpart overnight on Tuesday, the initial euphoria which surrounded the POBC’s decis... read more

26 August 2015 - Sentiment improves, Greenback rallies.

By Michael Judge
New Zealand Dollar: Following a period of heightened volatility the New Zealand dollar has stabilised overnight with ranges normal... read more

25 August 2015 - New Zealand dollar freefalls in global rout

By Michael Judge
New Zealand Dollar: The New Zealand dollar slumped to its lowest level in more than six years yesterday as New Zealand’s S&P NZX 50 lost 2... read more

24 August 2015 - Global jitters persist

By Michael Judge
New Zealand Dollar: The New Zealand dollar did well to maintain its value versus its US Counterpart late last week with significant economic unknown... read more

21 August 2015 - Kiwi edges higher throughout yesterday’s trade session

By Shan Thoo
New Zealand Dollar: The Kiwi has gained momentum overnight as investors push back expectations of a September rate hike by the US Federal Reserve. The local currency witnes... read more

20 August 2015 - Fading hopes of a rate hike support the NZD

By Michael Judge
New Zealand Dollar: Despite dropping to a low of 0.6549 when valued against the Greenback early in the piece yesterday the New Zealand dollar has si... read more

19 August 2015 - NZD higher after increasing dairy prices announced

By Shan Thoo
New Zealand Dollar: The NZ Dollar has open a shade higher this morning as dairy prices increased in line with expectations at auction overnight. This increase is also quite... read more

18 August 2015 - NZ dollar rallies off positive GDT sentiment

By Shan Thoo
New Zealand Dollar: The Kiwi has rallied overnight off the back of speculation that whole milk powder prices may increase at the Global Dairy Trade auction later this eveni... read more

17 August 2015 - Soft Q2 Retail Sales data sees Kiwi lose ground

By Shan Thoo
New Zealand Dollar: The NZ Dollar value has fallen across the board after domestic sales figures released on Friday came in well below expectations. A report from Statistic... read more

14 August 2015 - Currencies stabilise as concerns over China subside

By Michael Judge
New Zealand Dollar: Volatility levels stabilised yesterday following comments by the PBOC who stated that there is no basis for a further depreciation in the yuan currency.... read more

13 August 2015 - Volatility levels rise on Yuan moves

By Michael Judge
New Zealand Dollar: The New Zealand dollars value has once again been at the mercy of underlying yuan moves, as an earlier devaluation was subsequently followed by interven... read more

12 August 2015 - NZD falls as China devalues its currency

By Michael Judge
New Zealand Dollar: Falling off the back of news that China had devalued its currency, investors have since taken the view that such moves could provide further economic he... read more

11 August 2015 - US Fed maintains view on rates

By Michael Judge
New Zealand Dollar: Volatility levels continued to drop overnight with the New Zealand dollar trading in a tight band when valued against its US Counterpart. Oscillat... read more

10 August 2015 - Kiwi finds support as Non-Farm Payrolls fall short

By Matt Richardson
New Zealand Dollar: The New Zealand Dollar benefitted from a weaker Greenback late last week, touching a high of 0.6616 when valued against its US Counterpart. Whilst a sho... read more

07 August 2015 - Kiwi vulnerable leading into U.S employment data

By Matt Richardson
New Zealand Dollar: The New Zealand dollar found support in a softening Greenback on Thursday bouncing off six year lows the Kiwi touch intraday highs of 0.6557. Investors ... read more

06 August 2015 - Kiwi sinks on softer employment data

By Matt Richardson
New Zealand Dollar: The New Zealand dollar suffered a deeper depreciation through trade on Wednesday after second quarter employment data failed to meet market expectations... read more

05 August 2015 - Kiwi direction hangs on employment and wage data

By Matt Richardson
New Zealand Dollar: The New Zealand dollar offered little to incite investor action through Tuesday as the currency struggled to break through 0.66. Bolstered by a bounce i... read more

04 August 2015 - Tumbling commodity prices dampen demand for NZD

By Matt Richardson
New Zealand Dollar: Much likes its antipodean cousin the New Zealand dollar fell victim to lower commodity prices and an upbeat US labour market outlook on Monday. The Kiwi... read more

03 August 2015 - Kiwi finds support in weaker US employment costs

By Matt Richardson
New Zealand Dollar: The New Zealand dollar moved lower throughout domestic trade after a steep decline in ANZ business confidence. Breaking below 0.6550 the Kiwi found supp... read more

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