{"id":103175,"date":"2020-08-12T15:35:05","date_gmt":"2020-08-12T14:35:05","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103175"},"modified":"2020-08-12T16:06:30","modified_gmt":"2020-08-12T15:06:30","slug":"103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\/","title":{"rendered":"NZD\/USD Hits Multi-Week Low, Modest Pullback amidst Dollar Weakness"},"content":{"rendered":"<ul>\n<li>Reserve Bank of New Zealand surprises with QE increase, policy rate unchanged.<\/li>\n<li>Dollar index in red after a positive start<\/li>\n<li><a href=\"https:\/\/currencylive.com\/exchange-rate\/nzd-to-usd-exchange-rate-today\/\">NZD\/USD<\/a> witnessed a sharp fall in the Asian session.<\/li>\n<\/ul>\n<p>The NZD\/USD wilted under heavy selling pressure during the Asian trading hours and touched its lowest level in more than three weeks. The pair then recovered from the low of 0.6528 dollars but is still down 0.33 Percent to trade at 0.6555 dollars. The US dollar weakness helped in the Kiwi bounce-back.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/currencylive.com\/exchange-rate\/nzd-to-usd-exchange-rate-today\/\" class=\"su-button su-button-style-flat button-internalbutton\" style=\"color:#ffffff;background-color:#f92658;border-color:#c81f47;border-radius:5px\" target=\"_self\"><span style=\"color:#ffffff;padding:0px 22px;font-size:17px;line-height:34px;border-color:#fb688b;border-radius:5px;text-shadow:none\"> Check real time NZD to USD exchange rate<\/span><\/a><\/div>\n<h2>New Zealand Central Bank Expands QE<\/h2>\n<p>The Reserve Bank of New Zealand surprised the markets by increasing the size of its quantitative easing program to 100 billion NZ dollars. The central bank left its policy rate unchanged at 0.25 Percent in line with market expectations. The additional money instruments related to the QE package will remain in &#8220;active preparation,&#8217; according to its release.<\/p>\n<p>The US dollar index lost its momentum after touching 93.9 &#8211; a nine-day high. It was trading near 93.55, slightly down for the day. The weakness in the greenback allowed NZD\/USD to cut further losses after the central bank announcement.<\/p>\n<p>The US Consumer Price Index will be next in line to drive the market action for the day.<\/p>\n<div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#000061;border-radius:3px;max-width:none\"><div class=\"su-box-title\" style=\"background-color:#071894;color:#FFFFFF;border-top-left-radius:1px;border-top-right-radius:1px\">USD Index Today - last 90 days<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/f90a5269e196775da43f8cc929b9eac9.png\" alt=\"\" width=\"800\" height=\"348\" class=\"aligncenter size-full wp-image-103188\" srcset=\"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/f90a5269e196775da43f8cc929b9eac9.png 800w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/f90a5269e196775da43f8cc929b9eac9-300x131.png 300w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/f90a5269e196775da43f8cc929b9eac9-768x334.png 768w, https:\/\/currencylive.com\/news\/wp-content\/uploads\/2020\/08\/f90a5269e196775da43f8cc929b9eac9-696x303.png 696w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<div style=\"font-size: 75%; line-height: 1.5;\"><div class=\"su-expand su-expand-collapsed su-expand-link-style-default no-margin\" data-height=\"0\"><div class=\"su-expand-content su-u-trim\" style=\"color:#333333;max-height:0px;overflow:hidden\">Currency Index charts show the <strong>strength of a single currency<\/strong> based on a basket of foreign currencies. This is done using a weighted mean (an average) of the 5 largest routes from that source currency and their daily FX rates. You can explore <a style=\"color:#0088FF\" href=\"\/exchange-rate\/\">live exchange rates here<\/a>.<\/div><div class=\"su-expand-link su-expand-link-more\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">What does this show? <\/span><\/a><\/div><div class=\"su-expand-link su-expand-link-less\" style=\"text-align:center\"><a href=\"javascript:;\" style=\"color:#0088FF;border-color:#0088FF\"><span style=\"border-color:#0088FF\">Show less<\/span><\/a><\/div><\/div><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Reserve Bank of New Zealand surprises with QE increase, policy rate unchanged. Dollar index in red after a positive start NZD\/USD witnessed a sharp fall in the Asian session. The NZD\/USD wilted under heavy selling pressure during the Asian trading hours and touched its lowest level in more than three weeks. The pair then recovered [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":47011,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1659,1381],"tags":[3097,3104,3103],"class_list":{"0":"post-103175","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nzd","8":"category-usd","9":"tag-nzd-usd","10":"tag-rbnz","11":"tag-us-cpi"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NZD\/USD Hits Multi-Week Low, Modest Pullback amidst Dollar Weakness - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"NZD\\\/USD Hits Multi-Week Low, Modest Pullback amidst Dollar Weakness\",\"datePublished\":\"2020-08-12T14:35:05+00:00\",\"dateModified\":\"2020-08-12T15:06:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\\\/\"},\"wordCount\":298,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/nzd-gbp-1.jpg\",\"keywords\":[\"nzd\\\/usd\",\"RBNZ\",\"US CPI\"],\"articleSection\":[\"NZD\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\\\/\",\"name\":\"NZD\\\/USD Hits Multi-Week Low, Modest Pullback amidst Dollar Weakness - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/nzd-gbp-1.jpg\",\"datePublished\":\"2020-08-12T14:35:05+00:00\",\"dateModified\":\"2020-08-12T15:06:30+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/nzd-gbp-1.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/nzd-gbp-1.jpg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NZD\\\/USD Hits Multi-Week Low, Modest Pullback amidst Dollar Weakness\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\",\"name\":\"Stelian Olar\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g\",\"caption\":\"Stelian Olar\"},\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/stelian-olar\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NZD\/USD Hits Multi-Week Low, Modest Pullback amidst Dollar Weakness - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\/","twitter_misc":{"Written by":"Stelian Olar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\/"},"author":{"name":"Stelian Olar","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/c83637dd6dc82bcaadbc8b6c994d1186"},"headline":"NZD\/USD Hits Multi-Week Low, Modest Pullback amidst Dollar Weakness","datePublished":"2020-08-12T14:35:05+00:00","dateModified":"2020-08-12T15:06:30+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\/"},"wordCount":298,"image":{"@id":"https:\/\/currencylive.com\/news\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/nzd-gbp-1.jpg","keywords":["nzd\/usd","RBNZ","US CPI"],"articleSection":["NZD","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\/","url":"https:\/\/currencylive.com\/news\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\/","name":"NZD\/USD Hits Multi-Week Low, Modest Pullback amidst Dollar Weakness - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/nzd-gbp-1.jpg","datePublished":"2020-08-12T14:35:05+00:00","dateModified":"2020-08-12T15:06:30+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/c83637dd6dc82bcaadbc8b6c994d1186"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/nzd-gbp-1.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/nzd-gbp-1.jpg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/103564-nzd-usd-hits-multi-week-low-modest-pullback-amidst-dollar-weakness\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"NZD\/USD Hits Multi-Week Low, Modest Pullback amidst Dollar Weakness"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/c83637dd6dc82bcaadbc8b6c994d1186","name":"Stelian Olar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g","caption":"Stelian Olar"},"url":"https:\/\/currencylive.com\/news\/author\/stelian-olar\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/10\/nzd-gbp-1.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/103175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946612"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=103175"}],"version-history":[{"count":3,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/103175\/revisions"}],"predecessor-version":[{"id":103208,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/103175\/revisions\/103208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/47011"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=103175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=103175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=103175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}