The New Zealand dollar continues to be 'leader of the FX pack', as it matches the February lows versus sterling and pushes higher against other counterparts, especially the dollar.
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After six consecutive days of correction lower the Kiwi finally seems to be getting a foothold once more.
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An update to their set of exchange rate forecasts see ABN Amro turning more positive on the commodity currency bloc.
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The pound may renew its fall versus the New Zealand dollar as the New Zealand economy remains fundamentally sound and Brexit fears remain a ball and chain holding back sterling.
Read more … →Two leading institutional researchers have told clients why they are not convinced strength in the NZ dollar will be sustainable in 2016.
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This is the pound’s chance to build a base and move higher but given stubborn EU referendum headwinds and recent weak data, this may be a struggle.
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We take a look at where the NZ dollar stands in the wake of the surprise decision by the RBNZ to cut interest rates.
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