FOREX TradingCharts.com

Forex News: New Zealand Dollar Weakens Before NZ Jobs Report

New Zealand Dollar Weakens Before NZ Jobs Report

08/04/2020 - 06:45:00 (RTTNews)

(RTTNews) - The New Zealand dollar fell against its major opponents in the European session on Tuesday, as a slew of mixed earnings from major European companies soured risk sentiment.

U.S.-China tensions also remained on investors' radar after U.S. President Donald Trump said he will ban popular Chinese-owned video app TikTok in the United States unless a tech company such as Microsoft buys it.

China will not accept U.S. theft of TikTok, the China Daily newspaper said today.

In another development, the editor of a newspaper published by China's ruling Communist Party's People's Daily said that Beijing would retaliate if all Chinese journalists based in the United States are forced to leave the country.

New Zealand jobs data is due tomorrow, which is expected to show a jump in unemployment in the June quarter.

The unemployment rate is expected to rise to 5.6 percent from 4.2 percent in the first quarter.

The number of jobs is expected to have declined by 2 percent, after a 0.7 percent rise in the prior quarter.

The kiwi dropped to more than 2-month lows of 1.7858 against the euro and 1.0811 against the aussie, from its early highs of 1.7760 and 1.0750, respectively. The kiwi is seen finding support around 1.82 against the euro and 1.10 against the aussie.

The kiwi edged down to 0.6597 against the greenback and 69.88 against the yen, after rising to 0.6625 and 70.30, respectively in early deals. The kiwi is likely to find support around 0.63 against the greenback and 68.00 against the yen.

Looking ahead, U.S. factory orders data for June is set for release in the New York session.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Australian Dollar Trades Lower As RBA Debelle Flags Further Rate Cuts (30 min(s), 35 sec(s) ago)
(RTTNews) - The Australian dollar traded lower against its major counterparts in the Asian session ...Full Story»

Australian, NZ Dollars Drop Against Majors (41 min(s), 25 sec(s) ago)
(RTTNews) - The Australian and NZ dollars weakened against their major counterparts in the Europea ...Full Story»

Russian Ruble Slides To Near 2-week Low Against U.S. Dollar (38 min(s), 26 sec(s) ago)
(RTTNews) - The Russian Ruble fell against the U.S. dollar in the European session on Monday, as a ...Full Story»

Yen Climbs On Coronavirus Fears (08 min(s), 26 sec(s) ago)
(RTTNews) - The Japanese yen spiked up against its key counterparts in the European session on Mon ...Full Story»

Dollar Drops Against Majors; Fed Speeches In Focus (06 min(s), 34 sec(s) ago)
(RTTNews) - The U.S. dollar fell against its major opponents in the Asian session on Monday, as in ...Full Story»

U.S. Dollar Advances As Virus Worries Return (17 min(s), 25 sec(s) ago)
(RTTNews) - The U.S. dollar strengthened against its most major opponents in the New York session ...Full Story»

Dollar Little Changed After U.S. Consumer Sentiment Index (02 min(s), 25 sec(s) ago)
(RTTNews) - The University of Michigan's preliminary consumer sentiment index for September ha ...Full Story»

Dollar Mixed Before U.S. Consumer Sentiment Index (56 min(s), 25 sec(s) ago)
(RTTNews) - The University of Michigan's preliminary consumer sentiment index for September is ...Full Story»

Search

FOREX NEWS

Australian Dollar Trades Lower As RBA Debelle Flags Further Rate Cuts

09/22/2020 - 03:35 AM (RTTNews)
(RTTNews) - The Australian dollar traded lower against its major counterparts in the Asian session ...Full Story>>

Australian, NZ Dollars Drop Against Majors

09/21/2020 - 10:46 AM (RTTNews)
(RTTNews) - The Australian and NZ dollars weakened against their major counterparts in the Europea ...Full Story>>

Russian Ruble Slides To Near 2-week Low Against U.S. Dollar

09/21/2020 - 08:42 AM (RTTNews)
(RTTNews) - The Russian Ruble fell against the U.S. dollar in the European session on Monday, as a ...Full Story>>

Yen Climbs On Coronavirus Fears

09/21/2020 - 06:14 AM (RTTNews)
(RTTNews) - The Japanese yen spiked up against its key counterparts in the European session on Mon ...Full Story>>

Dollar Drops Against Majors; Fed Speeches In Focus

09/21/2020 - 03:58 AM (RTTNews)
(RTTNews) - The U.S. dollar fell against its major opponents in the Asian session on Monday, as in ...Full Story>>

Do not sell my personal information

Copyright © 2020. 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.