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The New Zealand Dollar was treading water on Monday after lagging behind G10 rivals at the opening of the new week, and multiple analysts are saying the Kiwi currency is likely to extend its months-long downtrend in the days ahead as domestic data lays bare the challenges faced by the economy.
August 19,2019
The GBP/NZD has reversed trend in short-term and is likely to go higher and stall at a tough resistance level that lies ahead.
August 19,2019
The GBP/NZD exchange rate is trading at around 1.8728, after rising about 0.75% so far at the start of the new trading week, and studies of the charts suggest mixed signals make a firm directional forecast too risky at this juncture.
August 12,2019
The New Zealand Dollar was weaker in the face of a recovering U.S. greenback Thursday and is set for further declines in the week ahead, according to strategists at Westpac, who say a break below a key support on the charts would risk pushing the Kiwi to what would be its lowest level in nearly five years.
August 9,2019
The New Zealand Dollar was crushed during early trading Wednesday as investors responded to a Reserve Bank of New Zealand (RBNZ) interest rate cut that was larger than markets expected and guidance for the future that was more 'dovish' than many had anticipated.
August 7,2019
The New Zealand Dollar softened Tuesday even after the latest jobs figures showed the labour market in rude health during the second quarter, with markets overlooking the data in light of an immiment interest rate decision from the Reserve Bank of New Zealand (RBNZ).
August 6,2019
Studies of the Pound-New Zealand Dollar charts suggest there is still a very marginal bias for more downside subject to a break below the July lows.
August 5,2019
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Horizon Currency's dealing desk is here to answer any questions you have about the market.
Sam is one of our specialists and can be WhatsApped questions via this link.
