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The New Zealand Dollar succumbed to resurgent U.S. exchange rates in the penultimate session of the week, reversing its earlier gains and lifting GBP/NZD from its Wednesday lows, although the Kiwi currency has another ace card that could burden the greenback and Sterling next year.
July 15,2021
The New Zealand Dollar tore higher against the Pound, Euro, Dollar and the majority of the world's freely-traded currencies following an unexpected decision by the Reserve Bank of New Zealand.
July 14,2021
The New Zealand Dollar languished near to 2021 lows ahead of the mid-week session, keeping GBP/NZD near one-year highs although a recovery by the Kiwi could wound Sterling if on Wednesday morning the Reserve Bank of New Zealand (RBNZ) affirms the market consensus that it could begin lifting its interest rate early next year.
July 13,2021
The Pound's rebound against the New Zealand Dollar is likely to fade around current levels given the proximity of a layer of technical market resistance and the looming Reserve Bank of New Zealand (RBNZ) policy update.
July 12,2021
The Reserve Bank of New Zealand is tipped to raise interest rates in 2021 by global investment bank and financial services provider TD Securities.
July 9,2021
The New Zealand Dollar is the best performing major currency of the past week, a performance linked to a decisive shift in investor expectations regarding interest rates at the Reserve Bank of New Zealand.
July 7,2021
The Pound-to-New Zealand Dollar rate was under pressure early in the new week as the Kiwi currency continued a run of outperformance that has recently seen it leaving all others in the dust, and which could yet see GBP/NZD testing the waters below 1.95 as it settles into a possible if-not likely 1.95-to-1.97 trading range for the short-term.
July 6,2021
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