The New Zealand Dollar suffered a sharp decline in mid-week trade amidst a broad swing in global risk appetite into negative territory following two weeks of building optimism that the worst of the coronacrisis had now come to pass.
April 15,2020
The New Zealand Dollar extended a two-week recovery against the U.S. Dollar in the wake of the release of some better-than-expected trade data out of China, however the currency was unable to make gains against an improving British Pound which appears to be benefiting from improved investor appetite and news that Prime Minister Boris Johnson has been released from hospital.
April 14,2020
The New Zealand economy is currently enduring a substantial slump in economic activity owing to the coronavirus pandemic that will inevitably see unemployment shoot higher, but the country entered the recession on a relatively strong footing that should limit the damage to both the economy and the currency says ASB.
April 8,2020
The New Zealand Dollar is the best performing major currency at the start of the new week, with a broad uplift in global investor sentiment proving beneficial to the antipodean currency as typically tends to be the case.
April 6,2020
The Pound-New Zealand Dollar rate saw its largest intraday gain since January 2018 on Tuesday and could now be on the verge of targeting a fresh post-referendum high after rising above a key technical level in the process.
April 1,2020
The Pound-to-New Zealand Dollar rate has been volatile this month but is now tipped for a period of narrower range-trading as the Kiwi currency demonstrates a tenacity that's taken some analysts by surprise.
March 26,2020
The New Zealand Dollar lost ground against the Dollar, Pound and other major currencies after the Reserve Bank of New Zealand announced its first ever quantitative easing programme which came in as being larger than markets had expected.
March 23,2020
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