The Pound to New Zealand Dollar exchange rate has capitalised on recent turbulence in global bond markets but would likely be at risk of unravelling back toward late March lows around 1.87 if the Reserve Bank of New Zealand (RBNZ) surprises an already hawkish market on Wednesday.
April 12,2022
50bps RBNZ hike to support NZD but global risk sentiment deteriorates, thwarting NZD strength.
April 11,2022
The Pound to New Zealand Dollar rate extended a two-month downtrend early in the new week as the Kiwi was lifted in a rally by the Australian Dollar that could be set to place GBP/NZD under further pressure in the days ahead, which may see it trading down to 1.8632 or below.
April 5,2022
The Pound to New Zealand Dollar exchange rate reached its lowest level since January 2021 in the mid-week session but would be at risk of falling further in at least the short-term if the Kiwi currency continues to reverse last year’s downtrend against the U.S. Dollar.
March 30,2022
Some analysts are also conscious that the risk of downward correction in NZD is also rising too.
March 25,2022
GBP/NZD risks slipping toward November 2021 lows, NZD/USD rally & dampened demand for GBP weighs.
March 23,2022
The New Zealand Dollar is forecast to maintain its dominant position in global FX, supported by the ongoing war in Ukraine and bets that China's economy will continue to expand to the benefit of New Zealand.
March 21,2022
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