New Zealand's Dollar proved resilient on Thursday to the overtures of a recuperating U.S. rival after having clocked new highs in the overnight session, with strength in the Kiwi currency helping to exacerbate a nervous breakdown in the Pound-to-New Zealand Dollar rate.
November 26,2020
The New Zealand Dollar is forecast to remain a relative outperformer over the coming weeks and could even have scope to achieve levels not seen since April 2018, according to Westpac, as a robust economic recovery helps sustain a recent turnaround in the Reserve Bank of New Zealand (RBNZ) policy outlook.
November 25,2020
The New Zealand Dollar outperformed major currencies in a global rally of risk assets on Tuesday although the Kiwi currency had been given a headstart when Finance Minister Grant Roberston aired concerns about rising house prices, leaving the Reserve Bank of New Zealand (RBNZ) under a spotlight.
November 24,2020
The New Zealand Dollar's recent strength looks "exaggerated" according to foreign exchange strategists at Barclays who make it a short-term sell target.
November 23,2020
The New Zealand Dollar outperformed Friday as it benefited from an ongoing market reassessment of the outlook for Kiiw interest rates that's drove continued profit-taking in AUD/NZD, according to some traders, although analysts see scope for NZD/USD to rise above 0.70 in the coming weeks.
November 20,2020
The New Zealand Dollar was an outperformer on Wednesday although strong November gains over all major currencies mean the Kiwi could now be due a corrective move lower in the short-term, according to Westpac analaysts, who say this will offer investors a buying opportunity and be a precursor to a further rally.
November 18,2020
The Pound-to-New Zealand Dollar rate rallied on Tuesday amid speculation that a Brexit trade deal is on the horizon but its upside potential has been curtailed by a strengthening Kiwi, the outlook for which has been bolstered by progress in development of a coronavirus vaccine.
November 17,2020
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