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
The Pound-to-New Zealand Dollar rate came within touching distance early September highs on Wednesday even as the Kiwi emerged as the second best performing major currency, with Sterling having outpaced rivals amid renewed speculation suggesting a Brexit trade deal could be near.
October 21,2020
The New Zealand Dollar was closing in on an important technical support level against the U.S. Dollar on Tuesday having sustained losses against all other major currencies as risk appetite faltered and after the Reserve Bank of New Zealand (RBNZ) helped squash domestic bond yields.
October 20,2020
The outlook for the New Zealand Dollar has improved on the result of the weekend's general election that saw the incumbent Labour Party secure an unexpected all-out majority, however analysts maintain a view that domestic interest rates policy and the U.S. election will remain key factors for the Kiwi over coming days and weeks.
October 19,2020
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