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The New Zealand dollar advanced against its major counterparts in early European trade on Thursday

2018-01-18 11:56 am | Resource: NEWS | No Views : 299

The New Zealand dollar advanced against its major counterparts in early European deals on Thursday as strong Chinese GDP data and improved corporate profits boosted investor sentiment. China's economy grew 6.9 percent annually in 2017, up from 6.7 percent a year earlier. 2016, the first expansion in seven years.

Industrial production accelerated slightly in December, while retail sales slowed and investment in fixed assets remained unchanged, as separate reports showed. Investors focused on developments in Washington as lawmakers struggled to finalize a funding bill to avoid a government shutdown. January 19.

In the economic data, data from the New Zealand Property Institute showed that house prices in New Zealand increased in December last year, while sales volumes fell significantly, and the house price index rose by 5.8 percent year-on-year to 550,000 New Zealand dollars In December. Average prices rose by 1.9% on a monthly basis.

The New Zealand dollar hit a two-day high of 1.0922 against the Australian dollar, after falling to 1.0985 at 7:30 pm Eastern Time. If the kiwi rises further, 1.08 is likely to be seen as the next resistance level, and data from the Australian Bureau of Statistics showed Australia's unemployment rate rose 5.5% seasonally adjusted in December.

The New Zealand dollar rose to a 9-day high of 81.22 against the yen, from a low of 80.67 at 7:30 pm EST, and figures from the Ministry of Economy, Trade and Industry showed that Japanese industrial production rose less than estimated in November , And industrial output rose at a steady rate of 0.5 percent year-on-year in November, slightly below the 0.6 percent increase earlier.

The New Zealand dollar advanced to a 6-day high of 1.6716 against the euro, from 1.6821 low at 7:30 pm EST and rebounded from an early low of 0.7246 against the US dollar. Looking ahead, Weekly Unemployment Benefit for the week ending January 13 for release in New York session.


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We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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