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Antipodean Currencies Fall Amid Fed Cautious Outlook

Antipodean Currencies Fall Amid Fed Cautious Outlook

The antipodean currencies Australia and the New dollar weakened against their major currencies in the Asian session on Friday, as traders continued to digest the U.S. Fed's interest rate cut by a quarter point and its impact on the markets. Fed officials' forecasts suggest two more rate cuts this year but just one next year, although there were significant differences of opinion about the outlook.
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NZ Dollar Falls As Weak GDP Spurs RBNZ Rate Cut

NZ Dollar Falls As Weak GDP Spurs RBNZ Rate Cut

The New Zealand dollar weakened against other major currencies in the European session on Thursday, as traders speculate more interest rate cuts by the Reserve Bank of New Zealand (RBNZ) in the wake of the weaker-than-expected GDP data for the second quarter.
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NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the European session on Thursday.
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NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the European session on Wednesday.
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Antipodean Currencies Rise Amid Risk-On Mood

Antipodean Currencies Rise Amid Risk-On Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened their major currencies in the Asian session on Friday amid increased risk-on mood by the investors, as weaker than expected U.S. consumer price inflation and producer price inflation data as well as recent downbeat monthly jobs data have reinforced expectations of a U.S. Fed rate cut at next week's meeting.
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Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Wednesday, amid growing optimism about the outlook for interest rates after sharp downward revisions in U.S. jobs data and ahead of the release of the closely watched US inflation data later in the week. Currencies in the region also strengthened against the US dollar.
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