The Pound to New Zealand Dollar exchange rate extended a six-week rally in the opening session of the week and could yet rise further in the days ahead but such an outcome would bring Sterling into contact with a Fibonacci resistance at 1.9751, which could frustrate the ascent.
March 26,2023
The New Zealand Dollar was a clear underperformer in the penultimate session of the week after Statistics New Zealand announced a steep final quarter fall in economic output that heightens the probability of a recession in the near future, drawing a mix of responses from analysts and economists.
March 16,2023
The Pound to New Zealand Dollar exchange rate reached five-month highs early in the new week before being beaten into retreat by a rallying Kiwi that has left Sterling at risk of a deeper correction with scope for GBP/NZD to fall as far as key moving averages just below 1.93 in the days ahead.
March 14,2023
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
The Pound to New Zealand Dollar exchange rate has climbed above the top of a five-month range over last week and could remain buoyant in the days ahead, albeit at levels that are likely to remain below the recent highs.
March 6,2023
NZD rose sharply at the start of March as China's economy jumped back to life and expectations for further RBNZ interest rate hikes made it a favourite amongst investors seeking exposure to the commodity currency complex.
March 1,2023
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
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