Latest news with #NewZealandDollar
Bloomberg
07-07-2025
- Business
- Bloomberg
Kiwi Rally May Lose Steam as Rate Cuts Loom for Sluggish Economy
The New Zealand dollar's rally may fade in the second half of the year, as the central bank continues to cut interest rates and the local economy remains sluggish. With the economic recovery still uneven, strategists see the kiwi's gain likely topping out at 62 US cents by year-end, according to a median forecast compiled by Bloomberg. Kiwibank anticipates a decline to 60 US cents if the Reserve Bank of New Zealand reduces borrowing costs.
Economic Times
18-06-2025
- Business
- Economic Times
Dollar inches up as markets on edge over Middle East conflict
The dollar strengthened due to worries about the Israel-Iran conflict. Investors sought safe havens. Central bank meetings are scheduled this week. Concerns arose that Iran might disrupt oil shipping. Talks between Iran and the United States were cancelled. The market awaits the U.S. Federal Reserve's decision. Other central banks will also announce policy decisions. Gold prices increased amid global uncertainty. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The dollar firmed against major currencies on Monday, driven by safe-haven buying from investors fearing the Israel-Iran fighting could escalate into a broader regional conflict as they braced for a week packed with central bank meetings As both Iran and Israel showed no signs of backing off from their attacks, the prospect that Tehran might seek to choke off the Strait of Hormuz - the world's most important gateway for oil shipping - raised broader economic risks from disruptions in the energy rich Middle weekend talks between Iran and the United States on Tehran's nuclear programme were also shelved after Israel launched its surprise attack on Monday, the dollar rose 0.14% to 144.3 Japanese yen, while the euro was 0.14% lower at $ early Asia hours, the greenback was steady against the Swiss franc at 0.81, while an index that measures the dollar against six others was steady at that are positively correlated to risk such as the Australian dollar and the New Zealand Dollar were marginally higher."The dollar's role as a safe haven will surely be tested, and recent price action has been inconclusive," said Win Thin, global head of markets strategy at Brown Brothers Harriman."If the Fed delivers a dovish hold as we expect, the dollar is likely to resume weakening due to the worsening fundamental backdrop in the U.S." Geopolitical tensions were the latest twist for investors and central bank policymakers who have been trying to navigate economic uncertainty triggered by U.S. President Donald Trump's move to reshape the global trade order this the dollar's broader rise in the past few sessions, analysts were less convinced that the trend could continue until there was more clarity on the tariff currency has lost over 9% in value this year as investors remain nervous over Trump's deadline on trade deals that come due in about three weeks, while agreements with major trade partners including the European Union and Japan are yet to be now will look progress in any bilateral meetings with the U.S. on the side of a Group of Seven leaders meet in on the agenda this week is a host of central bank monetary policy decisions, with the spotlight on the U.S. Federal Reserve on central bank is widely expected to leave borrowing costs steady but investors will likely lap up Fed's views on recent data that has broadly indicated softening economic activity even as risks to increasing price pressures stay high."What you're going to see from their growth forecasts is that the shift towards lower growth is very much upon us and that will keep the statement fairly neutral," Chris Weston, head of research at Pepperstone Bank of Japan is expected to deliver its interest rate decision at the end of its two-day meeting on Tuesday, with traders largely pricing-in no change to are that the central bank could also consider tapering its government bond holdings from the next fiscal year as the government pushes for more domestic banks in the UK, Sweden and Norway are also slated to unveil their policy an uncertain global backdrop, gold prices rose 0.22% to $3,435.5 an ounce and stayed just shy of their April record U.S. Treasuries were also marginally lower after Friday's spike as investors considered the implications geopolitical tensions could have on price pressures.
CNBC
16-06-2025
- Business
- CNBC
Dollar inches up as markets on edge over Middle East conflict
The dollar firmed against major currencies on Monday, driven by safe-haven buying from investors fearing the Israel-Iran fighting could escalate into a broader regional conflict as they braced for a week packed with central bank meetings. As both Iran and Israel showed no signs of backing off from their attacks, the prospect that Tehran might seek to choke off the Strait of Hormuz - the world's most important gateway for oil shipping - raised broader economic risks from disruptions in the energy rich Middle East. Scheduled weekend talks between Iran and the United States on Tehran's nuclear program were also shelved after Israel launched its surprise attack on Friday. On Monday, the dollar rose 0.14% to 144.3 Japanese yen, while the euro was 0.14% lower at $1.1534. In early Asia hours, the greenback was steady against the Swiss franc at 0.81, while an index that measures the dollar against six others was steady at 98.25. Currencies that are positively correlated to risk such as the Australian dollar and the New Zealand Dollar were marginally higher. "The dollar's role as a safe haven will surely be tested, and recent price action has been inconclusive," said Win Thin, global head of markets strategy at Brown Brothers Harriman. "If the Fed delivers a dovish hold as we expect, the dollar is likely to resume weakening due to the worsening fundamental backdrop in the U.S." Geopolitical tensions were the latest twist for investors and central bank policymakers who have been trying to navigate economic uncertainty triggered by U.S. President Donald Trump's move to reshape the global trade order this year. Despite the dollar's broader rise in the past few sessions, analysts were less convinced that the trend could continue until there was more clarity on the tariff front. The currency has lost over 9% in value this year as investors remain nervous over Trump's deadline on trade deals that come due in about three weeks, while agreements with major trade partners including the European Union and Japan are yet to be signed. Investors now will look progress in any bilateral meetings with the U.S. on the side of a Group of Seven leaders meet in Canada. Top on the agenda this week is a host of central bank monetary policy decisions, with the spotlight on the U.S. Federal Reserve on Wednesday. The central bank is widely expected to leave borrowing costs steady but investors will likely lap up Fed's views on recent data that has broadly indicated softening economic activity even as risks to increasing price pressures stay high. "What you're going to see from their growth forecasts is that the shift towards lower growth is very much upon us and that will keep the statement fairly neutral," Chris Weston, head of research at Pepperstone said. The Bank of Japan is expected to deliver its interest rate decision at the end of its two-day meeting on Tuesday, with traders largely pricing-in no change to policy. Expectations are that the central bank could also consider tapering its government bond holdings from the next fiscal year as the government pushes for more domestic ownership. Central banks in the UK, Sweden and Norway are also slated to unveil their policy decisions. Against an uncertain global backdrop, gold prices rose 0.22% to $3,435.5 an ounce and stayed just shy of their April record high. Longer-dated U.S. Treasuries were also marginally lower after Friday's spike as investors considered the implications geopolitical tensions could have on price pressures.
Time of India
16-06-2025
- Business
- Time of India
Dollar inches up as markets on edge over Middle East conflict
The dollar firmed against major currencies on Monday, driven by safe-haven buying from investors fearing the Israel-Iran fighting could escalate into a broader regional conflict as they braced for a week packed with central bank meetings . As both Iran and Israel showed no signs of backing off from their attacks, the prospect that Tehran might seek to choke off the Strait of Hormuz - the world's most important gateway for oil shipping - raised broader economic risks from disruptions in the energy rich Middle East. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like ½ Cup of this (before bed) can melt fat like never before Hollywood Today | Health Learn More Undo Scheduled weekend talks between Iran and the United States on Tehran's nuclear programme were also shelved after Israel launched its surprise attack on Friday. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. On Monday, the dollar rose 0.14% to 144.3 Japanese yen, while the euro was 0.14% lower at $1.1534. In early Asia hours, the greenback was steady against the Swiss franc at 0.81, while an index that measures the dollar against six others was steady at 98.25. Live Events Currencies that are positively correlated to risk such as the Australian dollar and the New Zealand Dollar were marginally higher. "The dollar's role as a safe haven will surely be tested, and recent price action has been inconclusive," said Win Thin, global head of markets strategy at Brown Brothers Harriman. "If the Fed delivers a dovish hold as we expect, the dollar is likely to resume weakening due to the worsening fundamental backdrop in the U.S." Geopolitical tensions were the latest twist for investors and central bank policymakers who have been trying to navigate economic uncertainty triggered by U.S. President Donald Trump's move to reshape the global trade order this year. Despite the dollar's broader rise in the past few sessions, analysts were less convinced that the trend could continue until there was more clarity on the tariff front. The currency has lost over 9% in value this year as investors remain nervous over Trump's deadline on trade deals that come due in about three weeks, while agreements with major trade partners including the European Union and Japan are yet to be signed. Investors now will look progress in any bilateral meetings with the U.S. on the side of a Group of Seven leaders meet in Canada. Top on the agenda this week is a host of central bank monetary policy decisions, with the spotlight on the U.S. Federal Reserve on Wednesday. The central bank is widely expected to leave borrowing costs steady but investors will likely lap up Fed's views on recent data that has broadly indicated softening economic activity even as risks to increasing price pressures stay high. "What you're going to see from their growth forecasts is that the shift towards lower growth is very much upon us and that will keep the statement fairly neutral," Chris Weston, head of research at Pepperstone said. The Bank of Japan is expected to deliver its interest rate decision at the end of its two-day meeting on Tuesday, with traders largely pricing-in no change to policy. Expectations are that the central bank could also consider tapering its government bond holdings from the next fiscal year as the government pushes for more domestic ownership. Central banks in the UK, Sweden and Norway are also slated to unveil their policy decisions. Against an uncertain global backdrop, gold prices rose 0.22% to $3,435.5 an ounce and stayed just shy of their April record high. Longer-dated U.S. Treasuries were also marginally lower after Friday's spike as investors considered the implications geopolitical tensions could have on price pressures.
Business Recorder
16-06-2025
- Business
- Business Recorder
Dollar inches up as markets on edge over Middle East conflict
The dollar firmed against major currencies on Monday, driven by safe-haven buying from investors fearing the Israel-Iran fighting could escalate into a broader regional conflict as they braced for a week packed with central bank meetings. As both Iran and Israel showed no signs of backing off from their attacks, the prospect that Tehran might seek to choke off the Strait of Hormuz - the world's most important gateway for oil shipping - raised broader economic risks from disruptions in the energy rich Middle East. Scheduled weekend talks between Iran and the United States on Tehran's nuclear programme were also shelved after Israel launched its surprise attack on Friday. On Monday, the dollar rose 0.14% to 144.3 Japanese yen , while the euro was 0.14% lower at $1.1534. In early Asia hours, the greenback was steady against the Swiss franc at 0.81, while an index that measures the dollar against six others was steady at 98.25. Currencies that are positively correlated to risk such as the Australian dollar and the New Zealand Dollar were marginally higher. 'The dollar's role as a safe haven will surely be tested, and recent price action has been inconclusive,' said Win Thin, global head of markets strategy at Brown Brothers Harriman. 'If the Fed delivers a dovish hold as we expect, the dollar is likely to resume weakening due to the worsening fundamental backdrop in the U.S.' Geopolitical tensions were the latest twist for investors and central bank policymakers who have been trying to navigate economic uncertainty triggered by U.S. President Donald Trump's move to reshape the global trade order this year. Despite the dollar's broader rise in the past few sessions, analysts were less convinced that the trend could continue until there was more clarity on the tariff front. The currency has lost over 9% in value this year as investors remain nervous over Trump's deadline on trade deals that come due in about three weeks, while agreements with major trade partners including the European Union and Japan are yet to be signed. Investors now will look progress in any bilateral meetings with the U.S. on the side of a Group of Seven leaders meet in Canada. Top on the agenda this week is a host of central bank monetary policy decisions, with the spotlight on the U.S. Federal Reserve on Wednesday. The central bank is widely expected to leave borrowing costs steady but investors will likely lap up Fed's views on recent data that has broadly indicated softening economic activity even as risks to increasing price pressures stay high. 'What you're going to see from their growth forecasts is that the shift towards lower growth is very much upon us and that will keep the statement fairly neutral,' Chris Weston, head of research at Pepperstone said. The Bank of Japan is expected to deliver its interest rate decision at the end of its two-day meeting on Tuesday, with traders largely pricing-in no change to policy. Dollar gains against euro and yen Expectations are that the central bank could also consider tapering its government bond holdings from the next fiscal year as the government pushes for more domestic ownership. Central banks in the UK, Sweden and Norway are also slated to unveil their policy decisions. Against an uncertain global backdrop, gold prices rose 0.22% to $3,435.5 an ounce and stayed just shy of their April record high. Longer-dated U.S. Treasuries were also marginally lower after Friday's spike as investors considered the implications geopolitical tensions could have on price pressures.
