Aud nzd exchange rate prediction

Aud nzd exchange rate prediction

Posted: SilverUser Date: 26.06.2017

The Australian Dollar is on somewhat mixed form, with the AUD NZD exchange rate losing ground in spite of the domestic Construction PMI having bettered forecast in July. Australian Retail Sales proved to be something of a disappointment on Thursday, with June failing to show the forecast uptick on the month to instead fall back to just 0.

aud nzd exchange rate prediction

This suggested that consumer confidence within the domestic economy had weakened, an impression confirmed by the unexpected softening of the second quarter Retail Sales Excluding Inflation measure. As US data continued to underperform, meanwhile, the market appetite for higher-yielding currencies improved.

Although the Australian Construction PMI weakened on the month in July this was not enough to return the Australian Dollar to a weaker footing. Forecasts had anticipated a far greater slowing in the measure, which instead remained relatively robust at As this followed up particularly bullish Manufacturing and Services PMIs investors were inclined to take a more optimistic view on the result, with the collective raft of reports suggesting strength within the domestic economy.

While there was no particular surprise in the tone of the document, with a somewhat optimistic tone on growth prospects and persistent worries over inflation, the Australian Dollar to New Zealand Dollar AUD NZD exchange rate slumped in response.

Markets were generally unimpressed, with researchers at TDS noting:. The appeal of the Australian Dollar could weaken in response to the NAB Business Confidence survey, which is forecast to have slipped from 6 to 5 in July.

aud nzd exchange rate prediction

If inflation in the Chinese economy is shown to have strengthened on the year this could boost commodity prices, and the AUD NZD exchange rate by extension. Later in the week the RBNZ rate decision is likely to provoke some pronounced volatility for the New Zealand Dollar, with expectations for monetary loosening high. As economists at Westpac noted:.

AUDNZD — chart and live rate Australian Dollar/New Zealand Dollar on Forex markets | TradingView

However, with investors already so sure of a 25bpt interest rate cut from the RBNZ the ultimate impact on the AUD NZD exchange rate could be limited. AUD News Australian Dollar Currency News and Forecasts.

AUD-NZD Update - Australian Dollar News - AUD currency exchange

Posted by Louisa Heath. AUD , AUD to NZD , Australian Dollar , Exchange rate , New Zealand Dollar , nzd.

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