The New Zealand Dollar was back near the top of the major currency class on Wednesday after the treasury detailed the dividend that Kiwi economy is expected to receive from its quicker containment of the coronavirus, which has helped to constrain an ongoing and Brexit-inspired rally in GBP/NZD.
December 16,2020
The New Zealand Dollar cooled its heels in sympathy with the Aussie on Tuesday in a now-rare bout of underperformance by the antipodean currencies, but it's been tipped by recovery later this week as a Treasury financial update and GDP data remind investors of the country's strong fundamentals.
December 15,2020
The Pound-to-New Zealand Dollar rate fell to its lowest since August 2019 on Friday even as the Kiwi cooled its heels after another strong weekly gain, but it could fall a further seven percent and to its lowest since January 2017 if Britain and the EU fail to reach a trade agreement this month.
December 12,2020
The New Zealand Dollar remained an outperformer on Tuesday as investors continued to reward a brighter domestic economic backdrop that may remain a headwind for the Pound-to-New Zealand Dollar rate even if the UK government is successful in securing a Brexit trade deal.
December 8,2020
Foreign exchange analysts at investment bank Goldman Sachs have this week said they are raising their forecast targets for the New Zealand Dollar, while Australia- and New Zealand-based lender Westpac say they see the near-term rally in the currency extending.
December 3,2020
The New Zealand Dollar advanced to its highest for nearly three years last week in a favourable market for risk assets but the Kiwi could soon run into valuation headwinds, according to some analysts, which would slow its rally and may provide Sterling with respite from recently relentless pressure.
November 30,2020
Foreign exchange strategists at investment bank Morgan Stanley have made selling the Pound against the New Zealand Dollar a key conviction trade for 2021.
November 27,2020
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