The New Zealand Dollar has lagged behind many other major currencies thus far in the year but updated forecasts from Commonwealth Bank of Australia suggest the Kiwi could underperform further in the short-term while warning of divergence between AUD/NZD and EUR/NZD from here.
April 14,2023
GBP/NZD rose above 2.0 in the opening half of the week and could be likely to remain buoyant above roughly 1.98 if the Kiwi remains an underperformer among major currencies in the days and weeks ahead.
April 13,2023
The New Zealand Dollar is set to take the limelight midweek when the RBNZ is expected to raise interest rates by a further 25 basis points as it continues its fight against elevated domestic inflation levels.
April 3,2023
New Zealand is witnessing one of the sharpest pullbacks in house prices in the developed world, and the currency won't be immune to the fallout says a leading Wall Street Bank.
March 28,2023
2023 will still be a year of New Zealand Dollar appreciation as the currency's recent trend of decline will prove temporary says one of New Zealand's major lenders.
February 28,2023
Recession looms for the New Zealand economy but the China-focussed and risk-sensitive New Zealand Dollar can still appreciate from current levels, according to economists at ANZ.
February 16,2023
"In recent weeks we have noted we thought the NZD was a little richly priced and was due for some consolidation after a strong run" - BNZ.
February 9,2023
February 7,2023
The Pound to New Zealand Dollar exchange rate has held within a narrow range thus far in the New Year and could be likely to test the boundaries on either side of this corridor over the coming days as Sterling and the Kiwi navigate a series domestic and international event risks.
January 17,2023
The Pound to New Zealand Dollar exchange rate entered the new week on the front foot and may have scope to edge higher in the days ahead although a cluster of moving averages located around the 1.93 level could eventually frustrate Sterling's recovery.
January 10,2023
GBP/NZD starts the new week higher amidst a selloff Asian and Australian currencies linked to the weekend developments in China, but the prospect of a material advance in the pair remains limited.
November 28,2022
November 22,2022
November 15,2022
NZD is the best-performing major currency of November, but this outperformance will likely fade over the coming days, offering GBP the chance to consolidate towards the middle of a long-held trading range.
November 7,2022
AUD and NZD are set to extend their decline as commodity prices prove unsupportive and a fall in global stock markets continues well into 2023.
October 13,2022
GBP/NZD will likely remain heavy over coming days although price action will likely remain choppy and the lows near 1.88 should be defended.
August 22,2022
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