The New Zealand Dollar edged higher against many of its major peers including a buoyant Pound in the mid-week session but its gains may have had more to do with a retreat by the U.S. Dollar than the Reserve Bank of New Zealand’s (RBNZ) brisk pace of monetary tightening.
July 13,2022
The Pound to New Zealand Dollar rate saw a choppy start to the week but could be likely to find itself confined by a rough 1.9392 to 1.9547 range in the days ahead unless the Reserve Bank of New Zealand inspires the Kiwi to outperform in which case Sterling would potentially be at risk of revisiting 1.92.
July 12,2022
The Pound to New Zealand Dollar exchange rate entered the new week around the middle of its one-month range and could be likely to trade toward the lower end of that spectrum over the coming days with price action spanning the gap between roughly the 1.9337 and 1.95 levels.
July 4,2022
The New Zealand Dollar has been sold heavily thus far in the week alongside Sterling and there is evidence that some of the resulting losses reflect asset sales by the Swiss National Bank (SNB), although none of this has done anything to disrupt the sideways trend toward consolidation in GBP/NZD.
June 29,2022
The New Zealand Dollar is likely to struggle over the remainder of 2022 amidst ongoing headwinds to global markets and as the Reserve Bank of New Zealand fails to live up to lofty expectations.
June 28,2022
NZD is tipped to be a laggard in the commodity currency complex by foreign exchange analysts at BMO Capital Markets who say the global surge in fuel prices will continue to proved a drag on the country's trade dynamics.
June 27,2022
The Pound to New Zealand Dollar rate has been contained within a well defined and relatively narrow range over the recent month but with the influential NZD/USD pair testing a major level of support on the charts, it’s possible that the breakout risk for GBP/NZD is on the upside.
June 23,2022
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