The New Zealand Dollar was closing in on an important technical support level against the U.S. Dollar on Tuesday having sustained losses against all other major currencies as risk appetite faltered and after the Reserve Bank of New Zealand (RBNZ) helped squash domestic bond yields.
October 20,2020
The outlook for the New Zealand Dollar has improved on the result of the weekend's general election that saw the incumbent Labour Party secure an unexpected all-out majority, however analysts maintain a view that domestic interest rates policy and the U.S. election will remain key factors for the Kiwi over coming days and weeks.
October 19,2020
New Zealand’s Dollar edged higher from low levels against major currencies on Friday and could be priced for perfection ahead of a weekend election that’s seen returning Prime Minister Jacinda Ardern to Premier House, although some analysts have warned of downward risks for the coming days.
October 16,2020
Postal voting is already underway to determine New Zealand's 52nd parliament, with polling stations across the country set to open on Saturday, October 17.
October 13,2020
The New Zealand Dollar was the worst-performing major currency at the start of the new week, going lower against all its G10 peers in sympathy with its Australian cousin which was in turn impacted by developments in the Chinese financial system.
October 12,2020
The Pound-to-New Zealand Dollar exchange rate hit its highest level since September 07 on Thursday after members of the Reserve Bank of New Zealand ratcheted up expectations for negative interest rates, while a broad-based rally in Sterling on Brexit developments lifted most GBP-exchange rates.
October 8,2020
The New Zealand Dollar starts a new week underpinned by a supportive global environment of rising stock markets and commodity prices, while domestic news that lockdown restrictions in Aukland have been lifted will provide a further fundamental underpinning.
October 5,2020
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