The New Zealand dollar was mixed during the Tuesday’s trading session. The currency dropped against its US counterpart but gained on the Japanese yen while traders were rebalancing their positions after the shock caused by the Friday’s non-farm payrolls from the United States.
Disappointing non-farm payrolls changed the market sentiment, making the US currency much less attractive than it has been before. While it allowed many currencies to rally initially, the drop prices for raw materials put pressure on commodity-related ones. For now, the Forex market remains in confusion due to the NFP aftershock, and it will take some time for new trends to emerge. Today’s mixed performance of the New Zealand dollar reflects this.
NZD/USD fell from 0.7541 to 0.7526 as of 13:15 GMT today. At the same time, NZD/JPY advanced from 90.11 to 90.41 following the drop to the daily minimum of 89.86.
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