The New Zealand Dollar was the worst performing major currency in the midweek session as it lost ground against the majority of its peers in the wake of a decidedly dovish Reserve Bank of New Zealand (RBNZ) update.
August 12,2020
The New Zealand Dollar could be due a relief bounce in the wake of Wednesday's highly anticipated meeting of the Reserve Bank of New Zealand (RBNZ), with one analyst saying the hurdle is high for the statement to be taken as sufficiently dovish to prompt further downside.
August 11,2020
The Pound-New Zealand Dollar exchange rate is trading higher at the start of the new week in line with the broadly supportive technical structure of the market, however a highly anticipated mid-week meeting of the Reserve Bank of New Zealand could inject some volatility into the exchange rate.
August 10,2020
The New Zealand Dollar was unable to capitalise on a better-than-expected jobs report Wednesday in a further sign that its star has faded with a market that is increasingly wary of n ongoing Reserve Bank of New Zealand (RBNZ) attempt to chain the Kiwi to the earth next week and beyond.
August 6,2020
After eight consecutive days of gains Pound Sterling finally painted a down-day against the New Zealand Dollar on Tuesday which could signal a temporary ending to the recent strong advance, but technical studies of the pair suggest further gains are ultimately still likely.
August 5,2020
The Pound-to-New Zealand Dollar rate has corrected higher into an improved trading range that could see it lift as far as 2.0 if poor second quarter jobs report on Tuesday elicits more dovish rhetoric or policy action from the Reserve Bank of New Zealand (RBNZ) next week.
August 4,2020
The Pound-to-New Zealand Dollar exchange rate is trading softer at the start of the new week and month at 1.9706, however short-term momentum remains firmly with Sterling bulls and any weakness is likely to be short-lived based on current technical and fundamental setups.
August 3,2020
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