{"id":45207,"date":"2013-12-10T08:09:00","date_gmt":"2013-12-10T13:09:00","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=45207"},"modified":"2013-12-10T08:09:00","modified_gmt":"2013-12-10T13:09:00","slug":"new-zealand-dollar-rises-towards-3-week-high","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/12\/10\/new-zealand-dollar-rises-towards-3-week-high\/","title":{"rendered":"New Zealand Dollar Rises Towards 3-week High"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

The New Zealand dollar continued to advanced to its fourth day in a row against the US dollar on Tuesday, after\u00a0 reaching its highest level since November 20 in the previous session and driven by the upbeat trade balance report from China.<\/p>\n

The New Zealand dollar rose 0.10% higher at $0.8289 against the greenback as of 6:15am GMT on Tuesday, heading toward the last sessions highs at $0.8320. The kiwi climbed to almost a three-week high on Monday, driven by the upbeat Chinese trade balance data, which showed a surplus of $33.8 billion in November.<\/span><\/p>\n

New Zealand Dollar –\u00a0China<\/span><\/h2>\n

China\u2019s industrial production eased to 10.0% lower, compared to the previously recorded 10.3% in November on an annual basis and below analysts\u2019 forecast of 10.1%.<\/p>\n

The country\u2019s retail sales for November showed a rising trend, rising 13.7% higher than the same period last year.<\/p>\n

According to a statement from the Deputy Governor of Reserve Bank of New Zealand, Grant Spencer, new residential construction loans will be exempt from the loan-to-value (LVR) restrictions introduced by the Reserve Bank in October.<\/p>\n

“The Reserve Bank has recently consulted with the building industry and banks on the impact of LVR restrictions on residential construction activity,” Spencer said in the statement. “While high LVR construction lending is only around 1% of total residential lending, it finances around 12% of residential building activity.”<\/p>\n

 <\/p>\n

New Zealand Dollar –\u00a0US Labour Sector<\/span><\/h2>\n

On Friday, the Bureau of Labour Statistics posted its jobs release for November, showing an addition of 203,000 new employees in the US economy during the month.<\/p>\n

The Non-farm payrolls data revealed 203,000 new jobs were added in November, up from the 200,000 recorded in the previous month and exceeding analysts\u2019 forecast of 185,000, according to the Bureau of Labour Statistics.<\/p>\n

Market participants remain focused on the Federal Reserve\u2019s (Fed) next meeting; which would likely hint when the central bank could \u00a0to begin taper its asset-purchases scheme.<\/p>\n

Federal Reserve<\/em>\u00a0Bank of St. Louis President\u00a0James Bullard<\/em> said that the improvement in the jobs market is one of the key conditions for tapering.<\/p>\n

\u201cA small taper might recognize labor market improvement while still providing the Committee the opportunity to carefully monitor inflation during the first half of 2014,\u201d Bullard said.\u00a0 \u201cShould inflation not return toward target, the Committee could pause tapering at subsequent meetings.\u201d<\/p>\n

 <\/p>\n

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The post New Zealand Dollar Rises Towards 3-week High<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog The New Zealand dollar continued to advanced to its fourth day in a row against the US dollar on Tuesday, after\u00a0 reaching its highest level since November 20 in the previous session and driven by the upbeat trade balance report from China. The New Zealand dollar rose 0.10% higher at … <\/p>\n

Continue reading “New Zealand Dollar Rises Towards 3-week High”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-45207","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=45207"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/45207\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=45207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=45207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=45207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}