The New Zealand Dollar lost value against the Pound, Dollar and other major currencies on Monday, March 16 after the Reserve Bank of New Zealand surprised markets by cutting interest rates by a sizeable 75 basis points and signalled that it would soon engage in a programme of quantitative easing to try and limit the negative economic impact of the global coronavirus pandemic.

March 16,2020

The New Zealand Dollar ruled the major currency roost Wednesday even as other risk assets like stocks and commodities crumbled again amid another flight to the safety of the bond market, which may have benefited the Kiwi given that it now offers some of the highest yields in the developed world.

March 13,2020

The Pound-to-New Zealand Dollar rate has reached its highest level since before the Brexit referendum amid market panic over the global economic impact of coronavirus and it could now be on course for a return to May 2016 highs close to 2.20.

March 10,2020

A sharp decline in the number of visitor arrivals to New Zealand should contribute to a fundamental backdrop that will likely add further downside pressures to the New Zealand Dollar say economists at Aussie and Kiwi lender Westpac.

March 5,2020

Increasing expectations for interest rate cuts at the Reserve Bank of New Zealand could prove to be a source of downside pressure on the New Zealand Dollar, which is already the worst performing major currency of 2020.

March 2,2020

The Pound-to-New Zealand Dollar rate reached its highest level since the Brexit referendum Friday as the Kiwi currency tumbled as global markets remained in panic mode over the spread of coronavirus outside of China and after it was confirmed that New Zealand has imported its first case.

February 28,2020