New Zealand Dollar gathers strength above 0.5800 on strong Chinese data

101 finance2026/03/16 03:06

By:101 finance

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

The NZD/USD pair gains traction to near 0.5805 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) after the release of the Chinese February Retail Sales and Industrial Production reports.

Data released by the National Bureau of Statistics (NBS) on Monday showed that China’s Retail Sales rose 2.8% YoY in January-February, compared to 0.9% in the previous reading. This figure came in better than the expectation of 2.5%. Meanwhile, Chinese Industrial Production climbed 6.3% YoY in January-February versus 5.2% prior, above the market consensus of 5.1%. The upbeat Chinese data dump has little to no impact on the China-proxy Kiwi.

The Reserve Bank of New Zealand held its Official Cash Rate (OCR) at 2.25% in its February policy meeting. RBNZ Governor Anna Breman said that monetary policy will likely remain accommodative for some time to support a fragile economy. Markets are now pricing in a 25-basis-point (bps) hike in September 2026.

Escalating Middle East geopolitical tensions, including disruptions in the Strait of Hormuz, could drive traders toward the Greenback as a safe-haven currency. US President Donald Trump said on Monday that he is talking with other countries about policing the Strait of Hormuz, adding that Israel is collaborating with the US on securing the vital shipping route.

Over the weekend, US forces targeted every military site on Kharg Island, a critical Iranian oil export hub. Iran has threatened to retaliate against any US-linked oil facilities in the region.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Q&A: Bitcoin Funds Are Expanding. HANetf's Co-CEO Explains Why Last week, London-based HANetf, an exchange-traded fund provider, launched the world's first euro-hedged bitcoin ETC-noting a shift in demand among its European client base. ---- Global Bond Turmoil Reveals the Surprising Resilience of Emerging Markets "It's very clear that EM is behaving differently than in the past, and EM is holding up better than expected." ---- U.K. Regulators Ready Green Light for $4 Billion ATM Tie-Up Between Brink's, NCR Atleos Authorities said the offer to sell off some parts of Brink's business should address concerns over the ATM operator's planned acquisition of its rival. ---- Choosing the Right Bond Strategy for Today's High-Yield World Before chasing higher rates, bond buyers have to figure out what type of investor they actually are. ---- Fed's Waller Sees Multiple Rate Increases Ahead to Cool Inflation In prepared remarks at the Istanbul Economic Forum, Christopher Waller said the economic data underscoring the need for interest-rate increases hasn't shifted much. ---- Financial Services Roundup: Market Talk Find insight on ABN Amro Bank, Standard Life and more in the latest Market Talks covering financial services. ---- Wells Fargo Faces Regulator Probe Over Efforts to Boost Black Homeownership Trump's Housing and Urban Development is seeking to crack down on race-based lending, calling it a potential violation of the Fair Housing Act. ---- Ripple, Crypto's Payments Giant, Breaks Into Wall Street The crypto firm is emerging as a serious player in financing leveraged ETFs, a lucrative business long dominated by big banks. ---- Venture Firm Behind Chip Startup Groq Targets $10 Billion Megafund Winning bets on hot AI startups are vaulting a little-known Dallas firm into a small group of firms raising gigantic funds. ---- How one trend-following fund outperformed rivals by bringing humans back into the decision-making process One trend-following fund has outperformed rivals this year by deciding to take profits. ---- Wal

Dow Jones•2026/10/08 15:00