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The New Zealand Dollar hit a new low Wednesday after the first-quarter retail sales report was unable to arrest the decline in the currency but, with one eye on rising milk prices, local analysts are turning bullish in their outlook for the Antipodean unit.
May 22,2019
The GBP/NZD exchange rate is trading at 1.9499 at the time of writing, considerably lower than the 1.97s it was trading at at the beginning of the previous week.
May 20,2019
"Last week closed as a bearish pin-bar reversal which is a sign we are eventually going to go down" - Robert Colville on the Pound / New Zealand Dollar outlook.
May 16,2019
The New Zealand Dollar will underperform all of its G10 rivals other than the U.S. greenback in 2019, according to the latest forecasts from Morgan Stanley and J.P.
Morgan, as domestic and international pressures conspire against the Kiwi unit.
May 16,2019
The technical outlook for GBP/NZD is mixed, for whilst the exchange rate is technically still in a short-term uptrend, the spike higher which led to the establishment of the May highs, and saw the exchange rate briefly pierce the $2 mark, also looks very much like an exhaustion move, and possible reversal point.
May 13,2019
The New Zealand Dolla recovered earlier losses on Thursday and Friday this week after the market began to question some of the dovish assumptions underpinning Tuesday's steep sell-off, but studies of the charts suggest further weakness could be likely in the days ahead.
May 10,2019
The New Zealand Dollar fell sharply after the Reserve Bank of New Zealand (RBNZ) cut interest rates by 25 basis points, taking the OCR to 1.5%.
May 8,2019
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