"The New Zealand Dollar is trading lower on Tuesday". The NZDUSD is the same at this time as it was when the news was published. I would not say that the NZD is trading lower since it's up against the GBP. At this time I would say that the value of NZD pairs is mixed.
NZD/USD Forex Technical Analysis
The New Zealand Dollar is trading lower on Tuesday, following a similar move in the Australian Dollar after the RBA released the minutes from its last policy meeting, which were construed as dovish. The minutes showed that policymakers discussed interest-rate cuts and concluded there was “not a strong case” for an adjustment in the near term. This decision was in contrast to the Reserve Bank of New Zealand (RBNZ), who said in March that its next move would be a rate cut. At 04:25 GMT, the NZD/USD is trading .6756, down 0.0007 or -0.10%. Although optimism over a U.S.-China trade deal has been helping to prop up the Kiwi, prices ... (full story)
- Posted: Apr 16, 2019 1:16am
- Submitted by:Category: Technical AnalysisComments: 4 / Views: 1,081