The post New Zealand Dollar extends three-day rally vs USD on hawkish RBNZ appeared on BitcoinEthereumNews.com.
The NZD/USD pair gains strong follow-through positive traction for the third straight day and rallies to an over three-week top during the Asian session on Friday. Spot prices currently trade around the 0.5775-0.5780 region, up nearly 0.40% for the day, and remain on track to register strong gains for the second week in a row amid a combination of supporting factors. The New Zealand Dollar (NZD) continues to be underpinned by the Reserve Bank of New Zealand’s (RBNZ) hawkish outlook, which, along with a broadly weaker US Dollar (USD), acts as a tailwind for the NZD/USD pair. As was widely expected, the RBNZ raised the Official Cash Rate (OCR) by 25 basis points (bps) to 2.50% following the conclusion of the June monetary policy meeting on Wednesday. The central bank also indicated that some further reduction in monetary stimulus is likely to be required to curb inflationary pr
The post Pound Sterling Price News and Forecast: GBP/USD holds firm as Trump ceasefire shock tests USD appeared on BitcoinEthereumNews.com.
British Pound holds firm as Trump ceasefire shock tests USD The Pound Sterling (GBP) holds firm on Friday during the North American session as risk appetite deteriorated after US President Donald Trump posted on social media that the ceasefire with Iran is over, even though negotiations continue. At the time of writing, the GBP/USD pair trades at 1.3406, unchanged, after reaching an almost one-month high of 1.3451 earlier in the day. Read More… British Pound surrenders early gains as US Dollar regains ground The British Pound (GBP) gives back its early gains and turns almost flat around 1.3410 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair falls back as the US Dollar regains ground amid fears that the restart of the war between the United States (US) and Iran would last long. Read More… British Pound gai
The post British Pound holds firm as Trump ceasefire shock tests USD appeared on BitcoinEthereumNews.com.
The Pound Sterling (GBP) holds firm on Friday during the North American session as risk appetite deteriorated after US President Donald Trump posted on social media that the ceasefire with Iran is over, even though negotiations continue. At the time of writing, the GBP/USD pair trades at 1.3406, unchanged, after reaching an almost one-month high of 1.3451 earlier in the day. GBP/USD steadies as geopolitics, Fed minutes and UK politics collide This week, GBP/USD is poised to finish with gains of over 0.58% following the resumption of hostilities in the Middle East. The end of the ceasefire between the US and Iran could bolster the Greenback even though both countries are set to continue negotiations next week in Switzerland. In the meantime, the Fed’s meeting minutes showed that officials favored further tightening but supported holding rates, as they assess incoming data. Data-wise
The post NZD/USD Price Forecast: Recovery extends, but overhead SMAs cap upside appeared on BitcoinEthereumNews.com.
NZD/USD remains on the front foot on Friday and is heading for a second consecutive weekly gain after the Reserve Bank of New Zealand (RBNZ) raised the Official Cash Rate (OCR) by 25 basis points (bps) on Wednesday and signaled that further policy tightening may be needed, boosting the New Zealand Dollar (NZD). At the time of writing, the pair is trading around 0.5771 after hitting an intraday high of 0.5794, its highest level since June 18. From a technical perspective, NZD/USD has been recovering after bottoming at 0.5626 in late June, its lowest level since November 2025. The latest leg higher pushed NZD/USD above the 21-day Simple Moving Average (SMA) at 0.5717, reinforcing the bullish near-term outlook. Momentum has also improved, with the Relative Strength Index (RSI) climbing above the neutral 50 threshold after recovering from near-oversold territory. Meanwhile,
The post Euro eases from one-week high as traders assess Middle East developments appeared on BitcoinEthereumNews.com.
EUR/USD trims gains on Friday as the US Dollar (USD) rebounds while traders digest the latest developments in the Middle East. At the time of writing, the pair is trading around 1.1433, easing from a one-week high of 1.1460 touched earlier during the Asian session. In a post on Truth Social, US President Donald Trump said Iran had asked to continue talks and that the United States had agreed, while emphasizing that Washington had informed Tehran that the ceasefire was “over.” Trump’s remarks came after the US and Iran exchanged military strikes following attacks by Iran’s Islamic Revolutionary Guard Corps (IRGC) on commercial vessels transiting the Strait of Hormuz earlier this week. Earlier on Friday, Reuters reported that Qatari mediators are in Iran for talks aimed at creating conditions for broader negotiations. As the situation remains fluid, the US Dollar continu
The post New Zealand Dollar: Constructive outlook faces yield constraints – OCBC appeared on BitcoinEthereumNews.com.
OCBC strategists Christopher Wong and Sim Moh Siong note that the New Zealand Dollar (NZD) outperformed after stronger manufacturing data and hawkish Reserve Bank of New Zealand (RBNZ) commentary reinforced expectations for further tightening. They remain constructive on NZD but highlights that upside from yield support may be constrained near term. Markets are pricing the RBNZ as the most hawkish G10 central bank, with around 80bp of additional tightening by mid-2027. NZD strength meets yield headwinds “NZD outperformed after stronger-than-expected manufacturing data and hawkish RBNZ commentary strengthened expectations for further policy tightening. New Zealand’s manufacturing PMI rose to 59.7 in June, its highest level since July 2021.” “We remain constructive on NZD. However, the scope for NZ yields to move materially higher in the near term may be limited until the
The post Australian Dollar firms as hawkish RBA, Iran talks cap USD gains appeared on BitcoinEthereumNews.com.
AUD/USD trades around 0.6950 on Friday at the time of writing, up 0.10% on the day after reaching a more than two-week high earlier in the day. The pair gives back part of its gains as investors remain caught between a weaker US Dollar (USD) and lingering factors supporting the Greenback. The Australian Dollar (AUD) benefits from the weakness of the US Dollar, driven by expectations of easing tensions in the Middle East. US President Donald Trump said that Iran had reached out to seek an agreement with Washington, while a White House official confirmed that technical talks on Iran’s nuclear program and the Strait of Hormuz are continuing. However, geopolitical concerns remain elevated following recent US strikes against Iranian targets and Tehran’s retaliatory attacks on American interests across the region. At the same time, markets continue to price in at least one interest
The post New Zealand Dollar eases from three-week highs near 0.5800 as the US Dollar bounces up appeared on BitcoinEthereumNews.com.
The New Zealand Dollar (NZD) is giving away gains against the US Dollar (USD) on Friday, trading at the 0.5775 area after hitting fresh three-week highs at 0.5794 earlier on the day. The pair, however, is on track for a 1% weekly appreciation, boosted by a hawkish hike by the Reserve Bank of New Zealand (RBNZ) earlier this week. The US Dollar trims losses in a calm Friday European trading session as investors ponder rumours about diplomatic efforts by mediators to bring the US and Iran back to the negotiating table. Rival countries halted their hostilities on Friday after a series of tit-for-tat attacks earlier on the week, although the key Strait of Hormuz remains practically closed, which is keeping investors’ appetite for risk subdued. Earlier on the week, the RBNZ hiked its Official Cash Rate (OCR) by 25 basis points to 2.5% and hinted at further mone
The post British Pound surrenders early gains as US Dollar regains ground appeared on BitcoinEthereumNews.com.
The British Pound (GBP) gives back its early gains and turns almost flat around 1.3410 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair falls back as the US Dollar regains ground amid fears that the restart of the war between the United States (US) and Iran would last long. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.02% -0.03% -0.44% -0.00% -0.04% -0.21% -0.06% EUR 0.02% -0.01% -0.41% 0.02% -0.03% -0.19% -0.04% GBP 0.03% 0.01% -0.39% 0.03% -0.02% -0.17% -0.04% JPY 0.44% 0.41% 0.39% 0.44% 0.40% 0.21% 0.36% CAD 0.00% -0.02% -0.03% -0.44% -0.04% -0.21% -0.07% AUD 0.04% 0.03% 0.02% -0.40% 0.04% -0.17% -0.06% NZD 0.21% 0.19% 0.17% -0.21% 0.21% 0.17% 0.13% CHF 0.06% 0.04%
