FXTM information and reviews
IronFX information and reviews
Libertex information and reviews
FXCC information and reviews
FxPro information and reviews
OctaFX information and reviews

NZD/USD: inflation expectations has dropped

16 February 2016

Although retail sales in New Zealand had grown in Q$ (1.2% against the forecast of 1.4% and 1.5% in the previous quarter), the pair NZD/USD fell earlier this morning. According to reported released by the Reserve Bank of New Zealand, inflation expectations in Q1 was lower than in the previous quarter (1.6% against 1.9% in the previous quarter). 

Today, dairy auction results will become known. The price index for dairy products from Global Dairy Trade will be released at 17:00 (GMT+2). It will reflect the weighted average of the price change. A quarter ago this index showed the decline (-7.4%), which confirms the tendency of decline in price of the world dairy products and of the commodity goods as a whole. 

New Zealand is the largest supplier of dairy products in the global market. The decline in price of this type of exports will cause reduction of export proceeds in the country’s budget and will trigger the fall in the exchange rate of the national currency. 

On Wednesday (23:45 GMT+2) selling indices and purchasing prices of manufactures for Q4 of last year will become known. Amid declining prices of commodities in the world, these indices are likely to decrease, which will indicate slowdown on inflation in New Zealand. 

The other negative factor, which has a negative impact on the state of New Zealand’s economy, is decline in Chinese economy, as China is the largest trading partner of New Zealand. 

All these negative factors will continue to put pressure on NZD. Note, that the head of RBNZ, Graeme Wheeler keeps saying that interest rates in the country can be decreased in order to support local manufactures and economy of New Zealand. The next meeting of RBNZ will be held in March.



Scope for dips towards the 0.6793-0.6776 confluence zone
Scope for dips towards the 0.6793-0.6776 confluence zone

A dovish Reserve Bank of New Zealand (RBNZ) policy outcome this week, accompanied by a bloated NZD long positioning sees the kiwi breaking under a protracted...

25 Nov 2021

NZD/USD struggles for direction, flat-lined above mid-0.7100s
NZD/USD struggles for direction, flat-lined above mid-0.7100s

The NZD/USD pair seesawed between tepid gains/minor losses through the early part of the European session and was last seen trading in the neutral territory...

9 Nov 2021

Move beyond 50% Fibo. sets the stage for further gains
Move beyond 50% Fibo. sets the stage for further gains

NZD/USD gained strong traction for the fifth consecutive session on Tuesday. Sustained break through the 0.7100 confluence hurdle favours bullish traders...

19 Oct 2021

NZD: Buy the Rumor sell the fact?
NZD: Buy the Rumor sell the fact?

The RBNZ confirmed a 25-basis-point rate raise, which had been widely anticipated and already factored into the markets. The NZD, however, did not benefit from the boost...

14 Oct 2021

NZD/USD pares intraday gains, up little around 0.6915-20 area
NZD/USD pares intraday gains, up little around 0.6915-20 area

The risk-on impulse provided a modest boost to the perceived riskier kiwi on Thursday. Hawkish Fed expectations acted as a tailwind for the USD and capped gains for the pair...

7 Oct 2021

The Kiwi is falling
The Kiwi is falling

NZDUSD is being sold after the RBNZ meeting. The New Zealand Dollar is falling against the USD. The current quote for the instrument is 0.6880. During its October meeting...

6 Oct 2021

HotForex information and reviews
XM information and reviews
FXCM information and reviews
AvaTrade information and reviews
LegacyFX information and reviews
FP Markets information and reviews
FP Markets

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.