The New Zealand Dollar extended a short-term recovery on Thursday in the wake of guidance from the Reserve Bank of New Zealand that interest rates cuts "are working" and that the central bank is unlikely to resort to unconventional policy such as quantitative easing.
September 26,2019
The New Zealand Dollar was higher Wednesday after the Reserve Bank of New Zealand (RBNZ) prompted investors to rethink earlier wagers that it would cut Kiwi interest rates again as soon as November, which has prompted some to tip the Pound-to-Kiwi rate for more losses in the days ahead.
September 25,2019
The Pound ceded ground to a firming New Zealand Dollar Tuesday and is being tipped by TD Securities to continue retreating from the Kiwi currency over the coming days and weeks, while analysts at Barclays are forecasting the exchange rate will fall sharply all the way into year-end and beyond.
September 24,2019
GBP/NZD tipped to stall as traders take profit on bullish bets, but trend still bullish and expected to resume eventually.
September 22,2019
The Pound-to-New-Zealand-Dollar rate was trading around 1.9533 at the start of the new week after closing the previous one 2.47% higher on Friday, although studies of the charts suggest the pair is set to continue rising after having established a new short-term uptrend.
September 16,2019
The New Zealand Dollar lagged behind most of its major rivals in a global riposte against the U.S. greenback Friday after an infuential business survey suggested output from the Kiwi manufacturing sector may have contracted in the third quarter, heaping more pressure on the Reserve Bank of New Zealand (RBNZ) to aid the economy.
September 13,2019
The New Zealand Dollar is poised outperform over the coming months, according to analysts at Bank of America Merrill Lynch, who say the Kiwi currency will benefit the most from the recent detente in the U.S.-China trade war and anticipated interest rate cuts from the Federal Reserve (Fed).
September 11,2019
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