FOREX TradingCharts.com

Forex News: New Zealand Dollar Climbs Amid Risk Appetite

New Zealand Dollar Climbs Amid Risk Appetite

11/18/2022 - 05:10:00 (RTTNews)

(RTTNews) - The New Zealand dollar advanced against its major opponents in the European session on Friday, as European shares rose, with investors monitoring the Fed policy outlook.

Market participants digested hawkish comments from Fed officials indicating the possibility of a 'higher for longer' rate outlook.

Oil prices rose as a surge in virus cases in China fuelled concerns about demand outlook.

A pullback in the dollar also underpinned oil prices, as a weaker currency makes oil attractive for purchases in other currencies.

The kiwi appreciated to a 2-day high of 0.6177 against the greenback and a 3-day high of 1.6776 against the euro, from its early lows of 0.6114 and 1.6925, respectively. The kiwi is seen finding resistance around 0.64 against the greenback and 1.65 against the euro.

The kiwi touched 86.54 against the yen, its strongest level since November 9. Next immediate resistance for the kiwi is seen around the 88.00 level.

Against the aussie, the kiwi reached nearly a 7-month high of 1.0861. The currency is likely to find resistance around the 1.06 level.

Looking ahead, Canada industrial product price index and U.S. existing home sales for October are set for release in the New York session.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Indian Rupee Weakens To Near 5-week Low Against U.S. Dollar (22 min(s), 47 sec(s) ago)
(RTTNews) - The Indian rupee was lower versus the U.S. dollar in the evening session on Tuesday, a ...Full Story»

Swiss Franc Showing Weakness Against Majors (52 min(s), 47 sec(s) ago)
(RTTNews) - The Swiss franc dropped against its major counterparts in the European session on Tues ...Full Story»

Quo Vadis Dollar? (28 min(s), 47 sec(s) ago)
(RTTNews) - Last week, markets received the good news anticipated for long - a confirmation from C ...Full Story»

Swiss Franc Climbs As Weak Eurozone Data Dampens Sentiment (52 min(s), 48 sec(s) ago)
(RTTNews) - The Swiss franc firmed against its major counterparts in the European session on Monda ...Full Story»

NZ Dollar Appreciates Amid China Reopening Signals (10 min(s), 47 sec(s) ago)
(RTTNews) - The NZ dollar climbed against its major counterparts in the Asian session on Monday, a ...Full Story»

Swiss Franc Advances On Risk Aversion (55 min(s), 47 sec(s) ago)
(RTTNews) - The Swiss franc climbed against its most major counterparts in the European session on ...Full Story»

U.S. Dollar Dips As Fed Chair Powell Hints At Smaller Rate Hikes (52 min(s), 47 sec(s) ago)
(RTTNews) - The U.S. dollar weakened against its major rivals in the European session on Thursday, ...Full Story»

Australian Dollar Advances On Fed Powell's Less Hawkish Comments (01 min(s), 47 sec(s) ago)
(RTTNews) - The Australian dollar climbed against its most major counterparts in the Asian session ...Full Story»

Search

FOREX NEWS

Indian Rupee Weakens To Near 5-week Low Against U.S. Dollar

12/06/2022 - 06:49 AM (RTTNews)
(RTTNews) - The Indian rupee was lower versus the U.S. dollar in the evening session on Tuesday, a ...Full Story>>

Swiss Franc Showing Weakness Against Majors

12/06/2022 - 06:18 AM (RTTNews)
(RTTNews) - The Swiss franc dropped against its major counterparts in the European session on Tues ...Full Story>>

Quo Vadis Dollar?

12/05/2022 - 08:56 AM (RTTNews)
(RTTNews) - Last week, markets received the good news anticipated for long - a confirmation from C ...Full Story>>

Swiss Franc Climbs As Weak Eurozone Data Dampens Sentiment

12/05/2022 - 08:19 AM (RTTNews)
(RTTNews) - The Swiss franc firmed against its major counterparts in the European session on Monda ...Full Story>>

NZ Dollar Appreciates Amid China Reopening Signals

12/05/2022 - 03:36 AM (RTTNews)
(RTTNews) - The NZ dollar climbed against its major counterparts in the Asian session on Monday, a ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.