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The New Zealand Dollar was down for the count across the board Wednesday after the Reserve Bank of New Zealand (RBNZ) fired another warning shot across the bow of the currency market, wobbling the Kiwi while and the tentative correction higher in the Pound-to-New Zealand Dollar rate.
June 24,2020
The Pound-to-New Zealand Dollar exchange rate hit a new 2020 low Tuesday but could see further losses if the Reserve Bank of New Zealand (RBNZ) allows rampant strength in the Kiwi to go unchecked in Wednesday's policy update.
June 23,2020
The Pound-to-New Zealand Dollar exchange rate has been pushed back down to 1.9237 at the start of the week, putting it just shy of the ten-month low reached on Friday at 1.9198.
June 22,2020
The Pound-to-New Zealan Dollar rate remained near 2020 lows ahead of the weekend after the Reserve Bank of New Zealand (RBNZ) said it intends to slow the pace of its government bond buying, but Sterling remains at risk of even further losses in the coming weeks.
June 19,2020
The New Zealand Dollar softened broadly on Wednesday but it was still able to keep and underperforming Pound Sterling on the back foot, a feat that could be made easier in the weeks ahead by the Kiwi's relatively brighter economic prospects, which will be in focus again overnight.
June 17,2020
Technical analysts at JP Morgan have said the New Zealand Dollar might be entering a long-term uptrend agains the U.S. Dollar, a development that could flip a whole host of other New Zealand Dollar exchange rates into similar uptrends.
June 16,2020
The New Zealand Dollar has taken a breather from a multi-week rally against the Dollar, Pound and Euro amidst another setback for global equity and commodity prices, however studies of the GBP/NZD exchange rate suggest further losses are ultimately likely during the foreseeable future.
June 15,2020
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