New Zealand's main export falls in value as forecast; NZD dismisses data and continues trending higher.
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The GBP/NZD pair finds itself stuck in sideways range as new trading week begins.
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© Rawpixel.com, Adobe Stock. The Kiwi’s fortunes now depend on whether global markets can maintain their newfound calm, which has prevailed since the stock market sell off of February 06, and …
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The GBP/NZD pair looks poised to rise up to the November highs as it resumes its uptrend following the recent correction.
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Divergent trends in Kiwi and Australian wage growth could mean more downside for AUD/NZD but betting on a fall in the Pound-to-Kiwi rate makes more sense, according to Deutsche Bank.
Read more … →GBP/NZD continues pulling-back as we start the new trading week but longer-term the trend remains bullish and is expected to reassert itself in time.
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Inflation expectations are important for currency markets because the RBNZ can only be expected to raise interest rates after inflation has made a sustainable return into the higher end of the 1% t…
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