Recent strong data and a rise in dairy prices - the country’s most important export - could lead to a higher-than-expected Q2 growth rate, and above-trend 3.2% growth for the whole year.
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Recent Rise in US Consumer Confidence suggests US could be a growing market for New Zealand exports, according to ANZ Bank.
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The risks are skewed to further downside in the pair according to analysis from BNZ bank, however, a technical analysis of the charts does not confirm this bearish view in the very short-term.
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The pound to New Zealand dollar has broken above a key trend-line, altering the short-term outlook to a more bullish view.
Read more … →The outlook for the GBP/NZD pair in the week ahead, including technical, fundamental, data releases and analysts’ forecasts and views.
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The New Zealand dollar could strengthen versus key counterparts as the outlook for its diverse export portfolio shows overall improvement.
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The outlook for the GBP to NZD conversion is looking increasingly positive.
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