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A sharp decline in the number of visitor arrivals to New Zealand should contribute to a fundamental backdrop that will likely add further downside pressures to the New Zealand Dollar say economists at Aussie and Kiwi lender Westpac.
March 5,2020
Increasing expectations for interest rate cuts at the Reserve Bank of New Zealand could prove to be a source of downside pressure on the New Zealand Dollar, which is already the worst performing major currency of 2020.
March 2,2020
The Pound-to-New Zealand Dollar rate reached its highest level since the Brexit referendum Friday as the Kiwi currency tumbled as global markets remained in panic mode over the spread of coronavirus outside of China and after it was confirmed that New Zealand has imported its first case.
February 28,2020
ANZ - one of New Zealand's top lenders - have downgraded their forecasts for the local economy in the first quarter of 2020 and warned downside risks to the New Zealand Dollar are increasing.
February 24,2020
The Pound-to-New Zealand Dollar exchange rate has rallied to a new four-month high at 2.0451 ahead of the weekend, largely on the back of broad-based New Zealand Dollar underperformance.
February 21,2020
The Pound-to-New Zealand Dollar rate was aiming at a fresh post-referendum high on Tuesday as the Kiwi underperformed most rivals over concerns about the economic impact of coronavirus, which have prompted landmark losses for China's Yuan.
February 18,2020
The British Pound's 2020 rally against the New Zealand Dollar is intact and the reliable bids that have been triggered by any bouts of Sterling weakness leave a number of analysts confident that further gains in the GBP/NZD exchange rate are possible.
February 17,2020
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