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New Zealand's Dollar swept higher on Wednesday after the Reserve Bank of New Zealand (RBNZ) indicated that it may no longer cut its cash rate below zero next year, prompting a sharp repricing of market expectations for the cash rate while bolstering the outlook for the currency.
November 11,2020
The New Zealand Dollar remained an outperformer on Tuesday after breaking above an important technical resistance barrier on the charts, potentially setting it up for further gains in the weeks ahead, although this Wednesday's Reserve Bank of New Zealand (RBNZ) policy decision will test appetite for the Kiwi.
November 10,2020
The New Zealand Dollar rose Tuesday as investors chased risk assets in anticipation of a clean victory for the Democratic Party in Tuesday's presidential election, which is as pivotal for the outlook as the looming Kiwi jobs report and next week's Reserve Bank of New Zealand (RBNZ) policy decision.
November 3,2020
The New Zealand Dollar was lifted back into the black against most major rivals for the week Friday as the Reserve Bank of New Zealand (RBNZ) detailed plans to taper its bond purchases, economic activity rose and the coronavirus beat a fresh retreat in the antipodean country.
October 30,2020
The New Zealand Dollar faltered on Wednesday, as a tide of risk aversion swept across global markets, washing away support that had resulted from strong international demand for new Kiwi government bonds, although some analysts say the currency’s downside should be limited.
October 28,2020
The New Zealand Dollar starts the new week on the front foot against all its major peers as it looks to extend a multi-day period of gains, however the extent of the gains are likely to remain limited according to a number of foreign exchange analyst we follow.
October 26,2020
The New Zealand Dollar struggled against some major currencies Friday but analyst commentary and forecasts suggest it could underperform many for almost the next year as the Kiwi economy is burdened by cumbersome border closures that are set to remain in place until the end of 2021.
October 26,2020
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