The Pound-to-New-Zealand-Dollar rate continued its descent last week and has now reached a former shelf of support where momentum is likely to ebb from the market.
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The Kiwi economy is doing much better than the market gives credit for but the New Zealand Dollar is unlikely to discover this until some time early in the 2019 year, according one analyst.
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The New Zealand Dollar outlook remains dire over a medium-term horizon but the Kiwi is likely to enjoy a continued rebound higher in the short-term as sellers of the currency cash up and walk away …
Read more … →A descending sequence of peaks and troughs, of lower highs and lower lows suggests the pair may have entered a short-term technical downtrend.
Read more … →The New Zealand Dollar has staged a determined comeback from multi-year lows in recent weeks but it still has a long way to go before the downtrend gripping the Antipodean currency is broken, accor…
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The New Zealand Dollar rose Tuesday after official data revealed a stronger than antipicated pickup in inflation during the recent quarter, which has left the consumer price index close to the midp…
Read more … →The New Zealand Dollar fell Wednesday due to a combination of adverse factors, taking its 2018 loss near to the double-digits in percentage terms, but the currency is still overvalued according to …
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