NZDUSD Update From 2/13/19 | Summary and Q&A

3 views
February 13, 2019
by
InvestingChannel
YouTube video player
NZDUSD Update From 2/13/19

TL;DR

After a period of weakness, the New Zealand dollar saw a recent breakout due to the non-dovish stance of the Reserve Bank of New Zealand and positive developments in US-China trade talks.

Install to Summarize YouTube Videos and Get Transcripts

Questions & Answers

Q: What factors contributed to the recent breakout of the New Zealand dollar?

The breakout of the New Zealand dollar was influenced by the non-dovish stance of the Reserve Bank of New Zealand and the possibility of US-China trade talks being extended beyond the deadline.

Q: How did renewed dollar strength and risk aversion impact the New Zealand dollar's rally?

Renewed dollar strength and risk aversion in the markets limited the upside of the New Zealand dollar's rally, bringing it to a stall instead of reaching anticipated heights.

Q: What drove the resurgence of the New Zealand dollar in the last 24 hours?

The resurgence of the New Zealand dollar was driven by the Reserve Bank of New Zealand's neutral stance on rate cuts and US President Donald Trump's suggestion that trade talks with China could continue past the March 1st deadline.

Q: What impact do positive trade talk developments have on the US dollar?

Positive trade talk developments typically result in dollar weakness, as progress towards a deal and avoidance of tariffs is seen as beneficial for countries with trade deficits, such as the US.

Summary & Key Takeaways

  • The New Zealand dollar has been in a downward trend but recently experienced a breakout, although it didn't reach the expected heights due to renewed dollar strength and risk aversion in the markets.

  • The resurgence of the New Zealand dollar was driven by the Reserve Bank of New Zealand's neutral stance on rate cuts and the potential extension of US-China trade talks beyond the March 1st deadline.

  • Dollar weakness during positive trade talk developments could potentially lead to sustained upside movement for the New Zealand dollar.

Share This Summary 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on:

Explore More Summaries from InvestingChannel 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on: