AUD/NZD is falling for the fifth straight day on Friday. NZD gathers strength against its rivals following the finance minister’s comments. AUD/NZD is down more than 200 pips for the week. The AUD/NZD pair closed the first four days of the week in the negative territory and extended its slide after breaking below 1.0800 on Friday. As of writing, the pair was trading at its lowest level since early August at 1.0775, losing 0.42% on a daily basis. NZD capitalizes on finance minister’s hawkish remarks Earlier in the day, New Zealand’s finance minister, Grant Robertson, said that the Reserve Bank of New Zealand (RBNZ) is unlikely to make any changed in the policy rate until March. Robertson further noted that a stronger-than-expected recovery in the economy would allow the RBNZ to stay on hold. On the back of this hawkish commentary, the kiwi gathered strength against its major rivals. In fact, the NZD/USD pair climbed to its highest level since April 2019 at 0.6798 during the Asian session. Earlier in the week, the report from Australia showed that the Unemployment Rate in August dropped to 6.8% from 7.5% in July but the positive impact of this upbeat data on the AUD remained short-lived. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Fed’s Bostic: Definitely seeing signs of slowing in recovery FX Street 2 years AUD/NZD is falling for the fifth straight day on Friday. NZD gathers strength against its rivals following the finance minister's comments. AUD/NZD is down more than 200 pips for the week. The AUD/NZD pair closed the first four days of the week in the negative territory and extended its slide after breaking below 1.0800 on Friday. As of writing, the pair was trading at its lowest level since early August at 1.0775, losing 0.42% on a daily basis. NZD capitalizes on finance minister's hawkish remarks Earlier in the day, New Zealand's finance minister, Grant Robertson, said that the Reserve Bank… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
