NZD/USD jumps to 0.7141, the highest level since April 2018. New Zealand’s Finance Minister squashes fears of FX market intervention. The bid tone around the NZD strengthened early Thursday, pushing NZD/USD to a fresh 32-month high after New Zealand’s Finance Minister squashed fears of verbal intervention by authorities to stem the Kiwi’s rise. “There is no great discomfort with the level of the NZD,” Robertson said, adding that the Kiwi’s strength reflects strength in the local economy. The NZD has appreciated by nearly 7.8% against the US dollar this quarter and is up 5.8% on a year-to-date basis. As such, some investors may be anticipating some form of intervention to stall the Kiwi’s rise. However, Robertson’s comments indicate that authorities aren’t worried about the disinflationary impact of the exchange rate strength and are unlikely to weaken the currency any time soon. NZD/USD jumped from 0.7115 to a fresh multi-month high of 0.7141, following Robertson’s comments, and was last seen trading near 0.7125. New Zealand’s economy roared back from a coronavirus-induced recession with a record growth of 14% in the September quarter; official data released early Thursday showed. The economy is reaping benefits of imposing strict coronavirus lockdown, Robertson said Wednesday. Coupled with the dovish Federal Reserve, that could keep the NZD better bid while heading into the year-end. Technical levels 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 BOJ to extend COVID-19 relief program to Sept 2021 – BofA FX Street 2 years NZD/USD jumps to 0.7141, the highest level since April 2018. New Zealand's Finance Minister squashes fears of FX market intervention. The bid tone around the NZD strengthened early Thursday, pushing NZD/USD to a fresh 32-month high after New Zealand's Finance Minister squashed fears of verbal intervention by authorities to stem the Kiwi's rise. "There is no great discomfort with the level of the NZD," Robertson said, adding that the Kiwi's strength reflects strength in the local economy. The NZD has appreciated by nearly 7.8% against the US dollar this quarter and is up 5.8% on a year-to-date basis. As such,… 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.
