{"id":71435,"date":"2015-04-23T02:45:29","date_gmt":"2015-04-23T06:45:29","guid":{"rendered":"http:\/\/countingpips.com\/?p=71435"},"modified":"2015-04-23T07:55:09","modified_gmt":"2015-04-23T11:55:09","slug":"antipodean-currencies-under-pressure","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/04\/antipodean-currencies-under-pressure\/","title":{"rendered":"Antipodean currencies under pressure"},"content":{"rendered":"<div id=\"inves-124485924\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 23, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The Antipodean currencies were in focus in the Asian session on Thursday. Both the New Zealand and Australian dollars were under pressure.<\/p>\n<p>The New Zealand dollar was one of the worst performing major currencies after some dovish comments from the Assistant Governor of the Reserve Bank of New Zealand. John McDermott commented that a cut in interest rates was more likely than a rate hike. If inflation pressures weaken further, then monetary policy should remain \u201cstimulatory for a prolonged period\u201d.<\/p>\n<p>\u201cEvidence of weakening demand and domestic inflationary pressures would prompt us to consider lowering interest rates,\u201d McDermott said.<\/p>\n<p>NZD\/USD plunged to $0.7566 by the end of the Asian trading session and continued to fall further as Europe opened, falling further to $0.7560.<\/p>\n<p>Meanwhile the Australian dollar came under pressure due to weak Chinese PMI. The flash manufacturing sector activity report by HSBC came in below 50. It fell to a 12-month low of 49.2 in April compared to 49.6 in March. China is Australia\u2019s major trading partner so the data tends to have an impact on the aussie. AUD\/USD last traded at $0.7736 heading in to the European session.<\/p><div id=\"inves-3728854727\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The Antipodean currencies were in focus in the Asian session on Thursday. Both the New Zealand and Australian dollars were under pressure. The New Zealand dollar was one of the worst performing major currencies after some dovish comments from the Assistant Governor of the Reserve Bank of New Zealand. John McDermott commented [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-71435","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=71435"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71435\/revisions"}],"predecessor-version":[{"id":71455,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71435\/revisions\/71455"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=71435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=71435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=71435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}