Are Oceania's currencies performing well?

Are Oceania's currencies performing well?

14.04.2021

Yesterday, European and U.S. markets saw mixed trading, with the Dow Jones Industrial Average closing at $33,677, down 0.2% from the previous day, resulting in a market characterized by flat stock prices and falling interest rates. Crude oil prices are beginning to break out of their sideways trend and are rising toward $60. This was partly influenced by OPEC’s upward revision of its oil demand forecast for fiscal year 2021.

In the foreign exchange market, while cross-yen pairs are falling, Oceania currencies are rebounding sharply. While the USD/JPY pair is struggling to recover from its drop to 108.7, the NZD/JPY pair has surged, rising from 76.7 to 77.2. The Reserve Bank of New Zealand’s policy rate, announced today, was kept unchanged at 0.25% as expected, providing a sense of relief to the market.

Today’s schedule includes: Eurozone Industrial Production at 18:00 CET, U.S. Import Price Index at 21:30 ET, remarks by Kaplan, President of the Dallas Fed, at 22:15 ET, remarks by Lagarde, ECB President, at 23:00 CET, remarks by Powell, Fed Chair, at 25:00 ET, and the Beige Book at 27:00 ET(Beige Book), remarks by Williams, President of the New York Fed, at 27:30, remarks by Clarida, Fed Chair, at 28:45, and remarks by Bostic, President of the Atlanta Fed, at 29:00. We will be closely monitoring how today’s key speeches affect currency dynamics.

Past Market Reports

1. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

2. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

3. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

4. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

5. 15.04.2026New

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

6. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

7. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

8. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

9. 09.04.2026

   Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?

10. 08.04.2026

    Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran