The Pound-to-New Zealan Dollar rate remained near 2020 lows ahead of the weekend after the Reserve Bank of New Zealand (RBNZ) said it intends to slow the pace of its government bond buying, but Sterling remains at risk of even further losses in the coming weeks.
June 19,2020
The New Zealand Dollar softened broadly on Wednesday but it was still able to keep and underperforming Pound Sterling on the back foot, a feat that could be made easier in the weeks ahead by the Kiwi's relatively brighter economic prospects, which will be in focus again overnight.
June 17,2020
Technical analysts at JP Morgan have said the New Zealand Dollar might be entering a long-term uptrend agains the U.S. Dollar, a development that could flip a whole host of other New Zealand Dollar exchange rates into similar uptrends.
June 16,2020
The New Zealand Dollar has taken a breather from a multi-week rally against the Dollar, Pound and Euro amidst another setback for global equity and commodity prices, however studies of the GBP/NZD exchange rate suggest further losses are ultimately likely during the foreseeable future.
June 15,2020
The New Zealand Dollar has suffered a rare setback and fallen against the U.S. Dollar, Euro and British Pound over the course of the past 48 hours, a move that coincides with a softening in global equity prices and commodities but analysts say the currency is likely to restart its current trend of appreciation before long.
June 11,2020
The New Zealand Dollar suffered heavy losses Tuesday as investors turned cautious ahead of Wednesday's Federal Reserve (Fed) policy decision although some analysts tip the Kiwi for a more protracted correction lower that could offer the beleaguered GBP/NZD rate some respite from selling.
June 10,2020
The British Pound's recent period of deprecation against the New Zealand Dollar might be on course to extend over coming weeks, with the Kiwi currency likely to be underpinned by supportive technical market conditions and an economy that will likely bounce back as lockdown restrictions are fully lifted.
June 8,2020
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