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MoneyAustralia, New Zealand dollars drift off as data disappoint

06:05  13 june  2019
06:05  13 june  2019 Source:   reuters.com

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The Australian and New Zealand dollars edged lower on Wednesday in very quiet trade as the Sino-U.S. trade dispute showed every sign of dragging The Aussie slipped a shade to

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NZ Dollar Drops After Inflation Data Falls Short of Expectations. New Zealand Bond Yield Drop The New Zealand Dollar fell sharply today as the nation reported its inflation figures for the month of Put your questions to our experts in real-time Q&As. Register now Want to hold off on improving your

The New Zealand Dollar was sold as traders were taken by surprise when fourth-quarter GDP data fell short Data released by Statistics New Zealand showed that the country’s economy grew 0.3 percent in Leveraged trading in foreign currency or off -exchange products on margin carries significant risk

.6948 and away from Monday's peak at

Australia, New Zealand dollars on defensive amid changing trade, rate outlooks

Australia, New Zealand dollars on defensive amid changing trade, rate outlooks Australia, New Zealand dollars on defensive amid changing trade, rate outlooks

Following the announcement, the New Zealand Dollar rallied across the board. At the same time, front-end New Zealand government bond yields took off . This suggests that the markets interpreted the RBNZ rate decision as undermining near-term easing bets.

The New Zealand Dollar traded lower after a disappointing January trade balance for the country New Zealand Dollar Talking Points: New Zealand ’s January trade balance read -914 million NZD While off session highs, the pair is still comfortably within the wedge it has formed in the past few

.7025. Support is just below at

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The New Zealand Dollar underperformed in otherwise quiet overnight trade following the release of disappointing Trade New Zealand Dollar Sold on Soft Trade Balance Data in Overnight Trade. Leveraged trading in foreign currency or off -exchange products on margin carries significant risk and

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.6940/45. The kiwi dollar drifted off to

Forecast for New Zealand Doollar: Neutral - Weekly Technical Outlook: New Zealand Dollar Top May Be Ahead - Sentiment Outlook Undecided as Speculative Positioning Oscillates The interest rate announcement tops the data docket, with economists calling for the Reserve Bank of New Zealand to.

Australia, New Zealand dollars drift off as data disappoint© Reuters/Daniel Munoz Illustration photo of Australian dollars

The Australian and New Zealand dollars edged lower on Wednesday in very quiet trade as the Sino-U.S. trade dispute showed every sign of dragging on, and domestic economic news generally disappointed.

President Donald Trump said on Tuesday he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees to four or five "major points" which he did not specify.

The Aussie slipped a shade to $0.6948 and away from Monday's peak at $0.7025. Support is just below at $0.6940/45.

The kiwi dollar drifted off to $0.6571, leaving behind the recent five-week top of $0.6681 and threatening chart support around $0.6560.

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The New Zealand Dollar gained against its major counterparts after the Reserve Bank of New For more info on how we might use your data , see our privacy notice and access policy and privacy website . The New Zealand Dollar rallies against its major counterparts. Neutral tone likely disappointed

Australians regard the defeat of the Australian and New Zealand Army Corps (ANZACs) at Gallipoli as the birth of the nation — its first Surrounded by the Indian and Pacific oceans,[N 7] Australia is separated from Asia by the Arafura and Timor seas, with the Coral Sea lying off the Queensland

The Aussie found a little support from a fresh jump in prices for iron ore, the country's biggest export earner. A mix of tightening supplies and robust Chinese demand lifted Dalian iron ore futures to record highs.

The September contract at 778.5 yuan was equal to a lucrative A$162 a tonne for Aussie miners.

The news at home was not so promising with Westpac's measure of consumer confidence easing 0.6% in June amid concerns about the economic outlook.

The lack of response to the Reserve Bank of Australia's (RBA) cut in interest rates last week just reinforced excitations of further easing and futures imply an 88% chance of a move by August.

Australian government bond futures inched higher, with the three-year bond contract up half a tick at 98.945. The 10-year contract firmed 1 tick to 98.5450.

In New Zealand, data on electronic retail card spending surprised by showing a 0.5% drop in May, led by softness in durable goods. The data covers about 68% of core retail sales.

"Spending on durables has been trending sideways since late 2018," said Satish Ranchhod, a senior economist at Westpac. "This likely reflects the softening in the housing market over the past year."

"With lingering softness in the housing market to date, we expect to see only moderate growth in retail spending over the coming months."

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