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The New Zealand Dollar appeared to taunt Reserve Bank of New Zealand (RBNZ) policymakers on Wednesday when scaling the top of the major currency performance table following a series of remarks seemingly aimed at coaxing it lower, in a markt dominated by looming speeches from central bankers.
August 26,2020
The cost of the latest round of New Zealand lockdowns is estimated to cost the economy NZ$1BN according to government estimates, a reminder of the significant drag the domestic picture poses for the New Zealand Dollar.
August 25,2020
The New Zealand Dollar was seen higher against the Euro, U.S. Dollar and Pound at the start of the new week but lagged the Australian Dollar, Norwegian Krone and Swedish Krona as foreign exchange markets displayed a classic response to rising stock markets.
August 24,2020
The New Zealand economy and its currency will likely struggle under the New Zealand government's apparent policy of covid-19 elimination, according to analysts at local lender BNZ who say they have cut their New Zealand Dollar projections.
August 20,2020
The New Zealand Dollar is rebounding back from heavily oversold conditions, a technical development that had become well overdue following a relentless multi-day sell-off driven by expectations the RBNZ would cut its main rate below 0% in coming months.
August 19,2020
The Pound-New Zealand Dollar exchange rate has this week broken above the psychologically significant 2.0 level, courtesy of an ongoing rout of the New Zealand Dollar linked to lingering expectations for negative interest rates to be introduced by the Reserve Bank of New Zealand (RBNZ) at some point in coming months.
August 18,2020
The British Pound has advanced a further 1.0% against the New Zealand Dollar this week with gains ensuring the GBP/NZD exchange rate touched the psychologically significant 2.0 level for the first time since early June ahead of the weekend.
August 19,2020
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