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

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

7 October 2021

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. The NZD/USD pair held on to its modest gains through the first half of the European session, albeit has retreated few pips from daily tops and was last seen trading around the 0.6915-20 region. The pair built on the previous day's goodish rebound from one-week lows and gained some positive traction during the early part of the trading action on Thursday. The risk-on impulse in the markets undermined the safe-haven US dollar, which, in turn, extended some support to the perceived riskier kiwi.

The global risk sentiment got a boost after Russian leaders reassured Europe on gas supplies. Adding to this, the top US Senate Republican Mitch McConnell said that his party would allow an extension of the federal debt ceiling into December to avert a federal debt default and further boosted investors' confidence.

That said, expectations for an early policy tightening by the Fed, along with an uptick in the US Treasury bond yields acted as a tailwind for the USD and capped gains for the NZD/USD pair. Investors seem convinced that the Fed will soon begin tapering its bond purchases and possibly raise interest rates in 2022.

Nevertheless, the NZD/USD pair, so far, has managed to hold steady above the 0.6900 mark as traders look forward to the release of US Weekly Initial Jobless Claims for a fresh impetus. Apart from this, the US bond yields and the broader market risk sentiment, will influence the USD and produce some trading opportunities.




NZD/USD slips back near intraday low around 0.6290
NZD/USD slips back near intraday low around 0.6290

NZD/USD has failed to defend its intraday low after a modest pullback. Fed policymaker has painted a hawkish picture for the rest of the year. Kiwi’s downbeat employment data could backfire later...

5 Aug 2022

NZD/USD slips below 0.6300 mark
NZD/USD slips below 0.6300 mark

NZD/USD witnessed some follow-through selling on Monday and dropped to a near one-month low. Aggressive Fed rate hike bets, the risk-off mood benefitted the safe-haven USD and exerted pressure...

13 Jun 2022

NZD/USD struggles near two-week low, around mid-0.6400s
NZD/USD struggles near two-week low, around mid-0.6400s

A combination of factors dragged NZD/USD to over a two-week low on Tuesday. A softer risk tone undermined the risk-sensitive kiwi amid modest USD strength...

7 Jun 2022

The Kiwi found support
The Kiwi found support

NZDUSD continues rising supported by the RBNZ’s decisions. The New Zealand Dollar continues rising against the USD in the middle of the week. The current quote for the instrument is 0.6498...

25 May 2022

The Kiwi improved
The Kiwi improved

NZDUSD rose after the RBNZ’s decisions but couldn’t keep up. The New Zealand Dollar rose pretty much against the USD in the morning but couldn’t keep the positive momentum later...

13 Apr 2022

NZD/USD moves back above 0.7000 mark
NZD/USD moves back above 0.7000 mark

NZD/USD gained traction for the second successive day and shot to a fresh YTD high on Tuesday. The uncertainty underpinned commodities and benefitted...

5 Apr 2022

HFM information and reviews
IronFX information and reviews
FXCM information and reviews
Pepperstone information and reviews
NordFX information and reviews
LegacyFX information and reviews

© 2006-2022 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.