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The NZD/USD pair is up 1.6% to near 0.5830 in the European trading session on Wednesday. The Kiwi pair strengthens as the New Zealand Dollar (NZD) outperforms its peers due to upbeat risk-on sentiment and hawkish remarks from the Reserve Bank of New Zealand (RBNZ) in the monetary policy announcement earlier in the day. New Zealand Dollar Price Today The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the strongest against the US Dollar. USDEURGBPJPYCADAUDNZDCHFUSD-0.88%-1.22%-0.81%-0.16%-1.02%-1.68%-1.16%EUR0.88%-0.35%0.06%0.72%-0.14%-0.82%-0.30%GBP1.22%0.35%0.40%1.08%0.23%-0.44%0.05%JPY0.81%-0.06%-0.40%0.66%-0.18%-0.84%-0.35%CAD0.16%-0.72%-1.08%-0.66%-0.84%-1.48%-1.01%AUD1.02%0.14%-0.23%0.18%0.84%-0.66%-0.18%NZD1.68%0.82%0.44%0.84%1.48%0.66%0.49%CHF1.16%0.30%-0.05%0.35%1.01%0.18%-0.49% The heat map shows percentage changes of major currencies against each other. The…
. | Photo Credit: Sibani Das The rupee appreciated 47 paise to close at 92.59 (provisional) against the US dollar on Wednesday after US President Donald Trump announced the suspension of military strikes against Iran for two weeks, and the Reserve Bank kept the key benchmark rate unchanged with a neutral stance.Forex traders said investor sentiment got a boost after Governor Sanjay Malhotra assured that the steps taken on forex do not constitute a structural change.Moreover, confidence was exuded in the health of the banking system, notwithstanding recent developments in some private banks. Malhotra said the banking sector regulator did…
The Indian rupee gained for the fourth consecutive session on Wednesday, while forward premiums declined as a plunge in oil prices after the U.S.-Iran ceasefire supported global risk appetite.The rupee ended at 92.58 per U.S. dollar, up 0.5% from its close of 93.0075 on Tuesday. The currency opened stronger at 92.64 and briefly moved above 92.50 during the session. The currency has gained 2.4% so far in April. The one‑year implied rate on the dollar/rupee forward fell 22 basis points to 3.08%.The benchmark Brent crude contract tumbled nearly 14% after Iran and the U.S. agreed to a two-week ceasefire and…
The USD/CAD pair extends its weekly downtrend for the third straight day and dives to a nearly two-week low on Wednesday, though it lacks follow-through selling. Spot prices trade around mid-1.3800s, down nearly 0.30% for the day, amid mixed fundamental cues.The US Dollar (USD) comes under intense selling pressure and plummets to a nearly one-month low in reaction to the optimism led by the US-Iran ceasefire. Furthermore, Iran’s Foreign Minister, Seyed Abbas Araghchi, said that safe passage through the key waterway will be possible for a period of two weeks, triggering a steep decline in Crude Oil prices. This, in…
The rupee appreciated 50 paise to 92.56 against the US dollar in early trade on Wednesday after US President Donald Trump announced suspension of military strikes against Iran for two weeks.Forex traders said the two-week ceasefire announcement triggered a wave of outsized bargain buying amongst the risk assets as Asian Stocks, Dow futures, Gold and Silver all rallied while Brent Oil fell below $100 to $96 per barrel.The rupee in accordance surged to 92.56 levels, with the RBI deadline still in place till the 10th of April (regarding squaring of positions taken overnight up to $100 million) while the RBI…
EUR/USD extends its winning streak for the third successive day, trading around 1.1670 during Asian hours on Wednesday. The daily chart technical analysis indicates a bullish reversal as the pair is rising above the descending channel pattern.The EUR/USD pair has rebounded above the nine-day and 50-day Exponential Moving Averages (EMAs), framing a tentative bullish bias after an earlier downside phase.The 14-day Relative Strength Index (RSI) momentum indicator at 56 shows positive momentum above the midline, backing the recovery and reducing immediate downside pressure. This configuration points to buyers regaining control as long as the EUR/USD pair holds above recent breakout…
Mumbai: The Indian rupee climbed Tuesday, advancing for three days on the trot, to close at 92.98/$, reflecting the anticipated impact of unwinding of lenders’ positions in the overseas forwards markets ahead of a regulatory deadline that aimed to provide support for a unit that lost the most in 14 years last fiscal. The rupee advanced 9 paise from its previous close of 93.07/$. It traded Tuesday in a narrow range as dealers remained on edge about the US deadline to reach a deal with Iran. The currency traded between 93.07/$ and 92.86/$ on Tuesday as dollar sales from unwinding…
Iran’s Foreign Minister, Abbas Araghchi, said on Tuesday that safe passage of Hormuz will be possible for two weeks. This statement came after US President Donald Trump agreed to a two-week ceasefire with Iran. Key quotesIf attacks are halted, forces will stop actions.Safe passage of Hormuz will be possible for 2 weeks.Iran will halt attacks provided attacks against it cease.Market reactionCrude oil prices attract some sellers following this headline. At the time of writing, the West Texas Intermediate (WTI) is down 14.15% on the day at $88.85 WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international…
The USD/JPY pair is trading near the 159.95 price region with a strong but volatile tone on Tuesday, as markets react to a sharp escalation in the ongoing conflict between Israel, the United States (US and Iran.US President Donald Trump intensified his rhetoric via Truth Social, warning of devastating consequences if Iran fails to comply with US demands regarding the Strait of Hormuz. “A whole civilization will die tonight, never to be brought back again,” Trump threatened on his social media channel. “I don’t want that to happen, but it probably will.”His messaging hinted at the use of nuclear weapons…
Commerzbank analysts highlight that Brent has climbed above $111 per barrel as the Iran conflict continues and Trump links any ceasefire deal to free Oil traffic through the Strait of Hormus. The IEA warns against fuel hoarding during the Iran war, while OPEC+ agrees a modest quota hike for May and voices concern over attacks on energy infrastructure.Iran conflict and OPEC+ keep Brent elevated”Today, focus looks set to remain firmly on developments in the Middle East. While attacks have continued over the weekend, latest sources reports about a last minute ceasefire proposal and Trump’s extension of a deadline to Tuesday…