FOREX TradingCharts.com

Forex News: NZ Dollar Advances Amid Rising Risk Appetite

NZ Dollar Advances Amid Rising Risk Appetite

01/13/2021 - 02:14:00 (RTTNews)

(RTTNews) - The NZ dollar strengthened against its major rivals in the Asian session on Wednesday, as the rollout of coronavirus vaccines and the prospect of additional U.S. fiscal stimulus raised hopes of economic recovery.

Investors bet that a Democratic controlled U.S. Senate would pursue larger relief measures to support the virus-hit economy.

Recent comments from Federal Reserve officials diminished worries about the tapering on purchases of government and mortgage-backed securities.

On Tuesday, St. Louis President James Bullard and Boston Fed chief Eric Rosengren said that the central bank is in no rush to start winding down its bond-buying programme in the wake of the economic fallout from the virus.

Oil prices rose amid a weak dollar and as API data showed a larger-than-expected decline in U.S. crude inventories last week.

Investors focus on developments in Washington, where Democrats will vote later today to impeach President Donald Trump over protests in the U.S. Capitol.

The kiwi climbed to 1.0737 versus the aussie, after falling to 1.0761 at 7:30 pm ET. If the kiwi continues its rise, 1.04 is possibly seen as its next resistance level.

The kiwi spiked up to a 2-day high of 1.6873 against the euro and a 5-day high of 0.7240 against the greenback from Tuesday's closing values of 1.6892 and 0.7212, respectively. The next possible resistance for the kiwi is seen around 1.66 against the euro and 0.70 against the greenback.

The NZ currency reached as high as 75.02 against the yen, compared to yesterday's close of 74.84. If the kiwi continues its rise, 76.00 is possibly seen as its next resistance level.

Looking ahead, Eurozone industrial production for November is due in the European session.

U.S. CPI and monthly budget statement for December, as well as Fed Beige book report are scheduled for release in the New York session.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Euro Ticks Up After ECB Decision (33 min(s), 16 sec(s) ago)
(RTTNews) - As expected, the European Central Bank maintained its refi rate at 0.00 percent and th ...Full Story»

Euro Mixed Ahead Of ECB Decision (24 min(s), 16 sec(s) ago)
(RTTNews) - The European Central Bank will announce interest rate decision at 7:45 am ET Thursday. ...Full Story»

Yen Rebounds After BoJ Holds Monetary Policy Steady (36 min(s), 16 sec(s) ago)
(RTTNews) - The Japanese yen erased its early losses against its major opponents during the Asian ...Full Story»

Fall In Jobless Rate, Fiscal Stimulus Hopes Lift Australian Dollar (01 hr(s), 08 min(s), 44 sec(s) ago)
(RTTNews) - The Australian dollar firmed against its major counterparts in the Asian session on Th ...Full Story»

Loonie Little Changed Following Canada CPI (21 min(s), 16 sec(s) ago)
(RTTNews) - After the release of Canada consumer inflation for December at 8:30 am ET Wednesday, t ...Full Story»

Loonie Mixed Ahead Of Canada CPI (12 min(s), 16 sec(s) ago)
(RTTNews) - Canada consumer inflation for December is due at 8:30 am ET Wednesday. Ahead of the da ...Full Story»

Pound Climbs Following Strong U.K. Inflation Data (48 min(s), 16 sec(s) ago)
(RTTNews) - The pound firmed against its major counterparts in the European session on Wednesday, ...Full Story»

Euro Little Changed After Eurozone Inflation (48 min(s), 16 sec(s) ago)
(RTTNews) - At 5.00 am ET Wednesday, Eurostat has published euro area final consumer price data fo ...Full Story»

Search

FOREX NEWS

Euro Ticks Up After ECB Decision

01/21/2021 - 07:49 AM (RTTNews)
(RTTNews) - As expected, the European Central Bank maintained its refi rate at 0.00 percent and th ...Full Story>>

Euro Mixed Ahead Of ECB Decision

01/21/2021 - 07:40 AM (RTTNews)
(RTTNews) - The European Central Bank will announce interest rate decision at 7:45 am ET Thursday. ...Full Story>>

Yen Rebounds After BoJ Holds Monetary Policy Steady

01/21/2021 - 01:51 AM (RTTNews)
(RTTNews) - The Japanese yen erased its early losses against its major opponents during the Asian ...Full Story>>

Fall In Jobless Rate, Fiscal Stimulus Hopes Lift Australian Dollar

01/21/2021 - 00:06 AM (RTTNews)
(RTTNews) - The Australian dollar firmed against its major counterparts in the Asian session on Th ...Full Story>>

Loonie Little Changed Following Canada CPI

01/20/2021 - 08:37 AM (RTTNews)
(RTTNews) - After the release of Canada consumer inflation for December at 8:30 am ET Wednesday, t ...Full Story>>

Do not sell my personal information

Copyright © 2021. 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.