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The New Zealand Dollar has suffered a rare setback and fallen against the U.S. Dollar, Euro and British Pound over the course of the past 48 hours, a move that coincides with a softening in global equity prices and commodities but analysts say the currency is likely to restart its current trend of appreciation before long.
June 11,2020
The New Zealand Dollar suffered heavy losses Tuesday as investors turned cautious ahead of Wednesday's Federal Reserve (Fed) policy decision although some analysts tip the Kiwi for a more protracted correction lower that could offer the beleaguered GBP/NZD rate some respite from selling.
June 10,2020
The British Pound's recent period of deprecation against the New Zealand Dollar might be on course to extend over coming weeks, with the Kiwi currency likely to be underpinned by supportive technical market conditions and an economy that will likely bounce back as lockdown restrictions are fully lifted.
June 8,2020
The Pound-to-New Zealand Dollar rate was on route to the bottom of its new, lower trading range Friday as the Kiwi erased its coronavirus-related losses, but Sterling is now a target for short-sellers and has further to fall.
June 5,2020
Pound Sterling is another 0.40% lower against the New Zealand Dollar at 1.9502 the time of writing on Thursday, should the exchange rate close in the red at the time of the day's close then the pair will have registered four successive days of negative closes.
June 4,2020
The New Zealand Dollar has overturned its 2020 losses against the Pound and now stands 0.40% higher, courtesy of the strong rally experienced over the course of the past month that could see it overturn losses against other major currencies in the near future.
June 3,2020
The New Zealand Dollar starts the new week and month on a firm footing, advancing against all its major rivals apart from the Australian Dollar amidst an environment of positive investor sentiment.
June 1,2020
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