{"id":79655,"date":"2015-10-16T02:17:07","date_gmt":"2015-10-16T06:17:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=79655"},"modified":"2015-10-16T08:13:12","modified_gmt":"2015-10-16T12:13:12","slug":"new-zealand-dollar-best-performing-major-currency-this-week-up-2-2-percent","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/10\/new-zealand-dollar-best-performing-major-currency-this-week-up-2-2-percent\/","title":{"rendered":"New Zealand dollar best performing major currency this week, up 2.2 percent"},"content":{"rendered":"<div id=\"inves-2558232577\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 16, 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 New Zealand dollar was the best-performing major currency this week, up 2.2 per cent, and on track for its first three-week winning streak since February.<\/p>\n<p>The currency has benefited from a weaker US dollar as the Federal Reserve\u2019s decision to opt against a rate rise in September. Soft US economic data that have prompted investors to push out expectations for a rate rise into next year.<\/p>\n<p>But the NZD received a big boost this week \u2013 with a 2.2 per cent jump on Wednesday on comments by, the Reserve Bank of New Zealand governor, Graeme Wheeler, who indicated a preference for having \u201csufficient capacity to cut interest rates if the global economy slows significantly.\u201d<\/p>\n<p>That neutral tone caught markets off guard, given the central bank had already cut interest rates three times since June to 2.75 per cent and had previously said further easing in the cash rate seemed likely.<\/p>\n<p>The New Zealand dollar is down 0.4 per cent today, but hasn\u2019t fallen in 14 of the past 17 sessions.<\/p><div id=\"inves-3836615640\" 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>The benchmark S&amp;P\/NZX 50 finished 0.8 per cent up on Friday, marking its sixth consecutive day of gains. That\u2019s its longest winning streak since a seven day run to July 22 and also ranks as the second-longest so far this year.<\/p>\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","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The New Zealand dollar was the best-performing major currency this week, up 2.2 per cent, and on track for its first three-week winning streak since February. The currency has benefited from a weaker US dollar as the Federal Reserve\u2019s decision to opt against a rate rise in September. Soft US economic data [&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-79655","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/79655","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=79655"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/79655\/revisions"}],"predecessor-version":[{"id":79678,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/79655\/revisions\/79678"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=79655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=79655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=79655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}