Why is nzd falling

Click on the button below to get started. Sign Up. Read more. The seasonally-adjusted unemployment rate fell to 3. Major Economies. South-Eastern Europe. Sub-Saharan Africa. Central America. US CPI inflation surges to a year high driving US rates higher across the curve and spilling over into other markets. USD stronger. Risk appetite deteriorates without any obvious trigger. US equities down from record highs, global bonds rally.

A risk-positive tone sees the NZD rise. US Treasuries reverse some of Friday's rally. European gas prices higher after no sign of Russia helping with increased supply. NZD holds as markets absorb some big G7 economic data.

Nonfarm payrolls beat market expectations. John Key keen on crypto being used to improve the payments system.

ANZ NZ chairman John Key says retail and central banks should use cryptocurrencies to improve the payments system in the face of competition from giant tech companies. BoE shocks market by keeping rates on hold overnight. UK rates down by as much as 20bps, GBP tumbles. Global bond yields lower in sympathy. Market pricing well contained. RBA shows reluctance to embrace the inflation thematic and continues its dovish line, driving lower rates across the curve and dragging the AUD down.

NZD encounters resistance at just under 72 USc. New week, new month continues with positive risk sentiment theme. Fresh highs for global equities; global rates push higher. USD strengthens. More strong inflation data in the US and Europe, with markets bringing forward rate hike bets.

RBA sends similar signal. Reuters Tue, Jul 6th Dollar dips as rate hike fears subside, Fed minutes awaited. Reuters Mon, Jul 5th Dollar slides from 3-month high on weak details of U.

Dollar gains ahead of U. VIDEO Squawk Box Asia. A few G10 central banks will 'dial back' bond purchases later this year. Street Signs Asia. Reflationary theme is boosting commodity currencies: BofA Securities. New Zealand-Australia travel bubble will have a 'small positive' impact: Westpac. Australian, New Zealand dollar have already priced in the good news: Strategist. Want to sound more confident?

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