empty
 
 

08.09.202500:59:17UTC+00New Zealand Dollar Holds Ground

The New Zealand dollar stabilized near $0.588 on Monday after experiencing a 0.8% rise on Friday as the US dollar weakened in response to a disappointing jobs report. The data released on Friday indicated that American employers added fewer jobs than anticipated in August, signaling a cooling labor market. This development increased speculation that the Federal Reserve might consider reducing interest rates later this month. Nevertheless, the kiwi's gains are limited by the anticipated monetary easing from the Reserve Bank of New Zealand. The market predicts a potential rate cut at the RBNZ's meeting in October, with expectations of rates declining to around 2.50% by early 2026. The currency has been under pressure since the central bank reduced its official cash rate to 3.0% last month and indicated the possibility of further cuts to bolster New Zealand's sluggish economy.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback