New zealand forex news
Here are some recent and relevant news articles related to the New Zealand forex market:
RBNZ Keeps Interest Rates Unchanged
- The Reserve Bank of New Zealand (RBNZ) has kept its official cash rate (OCR) unchanged at 0.25% in its latest monetary policy decision. The decision was widely expected by analysts. (Source: Reuters)
New Zealand Dollar Strengthens Against US Dollar
- The New Zealand dollar has strengthened against the US dollar, reaching a high of 0.6950, as investors await the outcome of the US Federal Reserve's monetary policy decision. (Source: Bloomberg)
Agricultural Exports Boost New Zealand Economy
- New Zealand's economy has received a boost from strong agricultural exports, with the country's dairy and meat sectors performing well. The country's trade surplus has also increased, driven by higher exports of goods such as kiwifruit and wine. (Source: Stuff.co.nz)
New Zealand Inflation Rate Remains Low
- New Zealand's inflation rate has remained low, at 1.5%, in the latest quarter, according to Statistics New Zealand. The low inflation rate has given the RBNZ room to keep interest rates low. (Source: NZ Herald)
Fonterra's Global Dairy Trade Auction
- Fonterra, New Zealand's largest dairy company, has reported a strong result in its latest global dairy trade auction, with prices rising 2.4% to an average of $3,444 per tonne. The auction is seen as a key indicator of global dairy market trends. (Source: Fonterra)
New Zealand's Trade Balance Surplus
- New Zealand's trade balance surplus has increased to NZ$1.4 billion in the latest quarter, driven by higher exports of goods such as dairy products, meat, and wine. The surplus is seen as a positive sign for the country's economy. (Source: Statistics New Zealand)
RBNZ's Inflation Expectations
- The RBNZ has reported that inflation expectations have remained stable, with consumers expecting inflation to remain low over the next two years. The RBNZ uses inflation expectations as one of its key indicators when setting monetary policy. (Source: RBNZ)
These are just a few examples of recent news articles related to the New Zealand forex market.