The New Zealand Dollar outperformed Friday having gotten the better of all major counterparts, aided by Finance Minister Grant Robertson who suggested that a stronger-than-expected economic recovery might be likely to temper a dovish Reserve Bank of New Zealand, although analysts still expect the RBNZ will resort to a negative cash rate next year.
September 18,2020
The New Zealand Dollar outperformed all major currencies other than a revived Pound Sterling Wednesday as an ongoing rally by the Chinese Yuan weighed on greenback while lifting other riskier prospects, although appetite for the Kiwi will be tested by second-quarter GDP data due out overnight.
September 16,2020
New Zealand's long wait for a vaccine could leave the NZ Dollar at a Disadvantage shows research from Deutsche Bank, while local lender ASB says the economy will have only likely fully recovered from the covid-19 crisis by 2023.
September 15,2020
The Pound-to-New Zealand Dollar exchange rate (GBP/NZD) is expected to remain heavy given the solid and entrenched downside momentum in place, however the pair is increasingly at risk of entering oversold conditions and it will take a titanic push to the pair below 1.90.
September 14,2020
The Pound-to-New Zealand Dollar rate has crumbled and been left testing major technical support levels after the gloves came off in the Brexit negotiations, although it could be pushed over the edge of a precipice if an ongoing row between London and Brussels leads to an acrimonious break with the EU.
September 11,2020
Foreign exchange strategists at Wall Street investment bank JP Morgan are expecting further declines in the New Zealand Dollar over coming weeks, as the market one again turns its attention to the issue of New Zealand interest rates which could be cut to 0% or below as early as November.
September 8,2020
The New Zealand Dollar's outlook has improved notably according to new technical analysis which says any weakness is likely to be considered an opportunity to buy.
September 3,2020
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