The New Zealand Dollar's weak run could come to an end if the Reserve Bank of New Zealand inspires markets to raise bets that further interest rate hikes over the coming months are likely, something that is probable says BNZ.
April 3,2023
For the RBNZ's upcoming April meeting, the market is pricing in a 91% chance of a hike to 5.0%, but the New Zealand Dollar might not find itself any better supported
March 28,2023
The Pound to New Zealand Dollar exchange rate opened the new week with a rally to fresh five-month highs but would likely be susceptible to any mid-week rebound by the Australian Dollar and might also struggle if a tenative recovery in global markets continues through the coming days.
March 27,2023
The Pound to New Zealand Dollar exchange rate extended a six-week rally in the opening session of the week and could yet rise further in the days ahead but such an outcome would bring Sterling into contact with a Fibonacci resistance at 1.9751, which could frustrate the ascent.
March 26,2023
The New Zealand Dollar was a clear underperformer in the penultimate session of the week after Statistics New Zealand announced a steep final quarter fall in economic output that heightens the probability of a recession in the near future, drawing a mix of responses from analysts and economists.
March 16,2023
The Pound to New Zealand Dollar exchange rate reached five-month highs early in the new week before being beaten into retreat by a rallying Kiwi that has left Sterling at risk of a deeper correction with scope for GBP/NZD to fall as far as key moving averages just below 1.93 in the days ahead.
March 14,2023
New Zealand is witnessing one of the sharpest pullbacks in house prices in the developed world, and the currency won't be immune to the fallout says a leading Wall Street Bank.
March 28,2023
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