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New Zealand Business NZ PMI
A composite indicator based on the diffusion indices for production, new orders, deliveries, inventories, and employment, the Business NZ Performance of Manufacturing Index (PMI) measures the performance of manufacturing in New Zealand. A value above 50 indicates that the manufacturing sector has increased in comparison to the previous month, a rating below 50 indicates that the manufacturing sector has declined, and a value of 50 shows that there has been no change.
A higher than expected figure should be seen as positive (bullish) for the NZD while a lower than expected figure should be seen as negative (bearish) for the NZD.
Forex Sentiment (NZD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| AUDNZD |
|
|
1.0737 -30 pips |
1.0893 -126 pips |
1.07671 | |
| EURNZD |
|
|
1.8456 -670 pips |
1.9250 -124 pips |
1.91257 | |
| NZDCAD |
|
|
0.8113 -147 pips |
0.8308 -48 pips |
0.82599 | |
| NZDJPY |
|
|
83.7106 -110 pips |
87.7013 -289 pips |
84.807 | |
| NZDUSD |
|
|
0.5835 -133 pips |
0.6063 -95 pips |
0.59678 | |
| GBPNZD |
|
|
2.2035 -460 pips |
2.1667 +828 pips |
2.24949 | |
| NZDCHF |
|
|
0.4922 +25 pips |
0.5089 -192 pips |
0.48972 |
News (NZD)
New Zealand Trade Surplus Tops Expectations
New Zealand's trade surplus increased more than expected in March to the highest level since the coronavirus pandemic in 2020 as exports to China and the US logged double-digit growth, official data revealed on Tuesday. The trade surplus rose sharply to NZ$970 million from NZ$392 million in February, Stats NZ said. This was the highest surplus since May 2020.
RTTNews | 6 days ago
New Zealand Inflation Rises To 2.5%
New Zealand inflation accelerated for the first time in nearly three years in the first quarter but it remained well within the central bank target, official data showed on Thursday. Consumer price inflation rose to 2.5 percent in the first quarter from 2.2 percent in the preceding period, Sats NZ reported.
RTTNews | 11 days ago
Reserve Bank Of New Zealand Cuts Rate By 25 Bps, Signals Further Easing
The Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as expected on Wednesday, and hinted at further easing as recent increases in trade tariffs pose downside risks to economic outlook. The Monetary Policy Committee, led by acting governor Christian Hawkesby, decided to cut the Official Cash Rate by 25 basis points to 3.50 percent, which was the lowest since October 2022.
RTTNews | 19 days ago
