Select Language

NZD/USD is being weighed on under 0.5700 - BBH

Breaking news

NZD/USD is being weighed on under 0.5700 - BBH

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.01.30 18:30
NZD/USD is being weighed on under 0.5700 - BBH

update 2025.01.30 18:30

NZD/USD is heavy under 0.5700 and trading close to the level implied by 2-year NZ-US bond yield spreads. New Zealand January ANZ business outlook survey was disappointing but still extremely high, BBH FX analysts report.

RBNZ/Fed policy trend remains drag for NZD/USD

"Business confidence dipped 8 points to a five-month low at 54.4 and the expected own activity fell 4 points high to a four-month low at 45.8. Reported past activity, which has the best correlation to GDP, improved slightly to 0.2 vs. 0 in December suggesting a modest recovery in economic activity is underway." 

"In line with RBNZ guidance, markets continue to imply another 50bps rate cut to 3.75% in February and the policy rate to bottom around 3.00% over the next 12 months. RBNZ/Fed policy trend remains drag for NZD/USD."


Date

Created

 : 2025.01.30

Update

Last updated

 : 2025.01.30

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

US President Trump warns of potential 100% tariffs if BRICS attempt to replace US Dollar

US President Trump warns of potential 100% tariffs if BRICS attempt to replace US Dollar developing story ....
New
update2025.01.31 10:53

Australian Dollar continues to lose ground amid Trump tariff threats on China

The Australian Dollar (AUD) extends its losing streak against the US Dollar (USD) for the fifth consecutive day on Friday.
New
update2025.01.31 10:37

Japan PM Ishiba: Japan to maintain investment in US for job creation

Japan's Prime Minister Shigeru Ishiba said on Friday that the government will continue to invest and create jobs in the United States (US).
New
update2025.01.31 10:07

NZD/USD weakens below 0.5650 as traders await clarity on Trump tariffs on China

The NZD/USD pair edges lower to near 0.5630 during the early Asian session on Friday, pressured by threats of tariffs from US President Donald Trump against China.
New
update2025.01.31 09:59

WTI holds above $72.50 amid tariff concerns

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.85 during the early Asian session on Friday.
New
update2025.01.31 09:07

EUR/USD struggles under the weight of the Greenback

EUR/USD shifted lower for a fourth consecutive trading day on Thursday, peaking near 1.0450 before softening to shed one-fifth of one percent on the day and ending just below the 1.0400 handle as the Euro's near-term bull run draws to an end.
New
update2025.01.31 08:42

Japan's Tokyo CPI inflation climbs to 3.4% YoY in January vs. 3.0% prior

The headline Tokyo Consumer Price Index (CPI) for January climbed 3.4% YoY as compared to 3.0% in the previous month, the Statistics Bureau of Japan showed on Friday.
New
update2025.01.31 08:33

USD/CAD gathers strength to near 1.4500 as tariff decision looms

The USD/CAD pair gains momentum to around 1.4500 during the late American session on Thursday.
New
update2025.01.31 08:09

USD/CHF Price Forecast: Soars towards 0.9090 on Trump's trade rhetoric

The USD/CHF rallied for the third consecutive day, edged towards the 0.9100 figure, and posted gains of over 0.33%.
New
update2025.01.31 07:55

GBP/USD sheds weight amid thin Thursday ahead of key US data

GBP/USD soured slightly on Thursday, shedding a scant one-fifth of one percent as markets grapple with mixed headwinds and keep risk appetite underbid.
New
update2025.01.31 07:40

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel