The New Zealand dollar fell today after a report showed that the New Zealand economic growth slowed last quarter. The currency managed to trim losses by now, erasing them against the US dollar entirely.
New Zealand Dollar NZD
Detailed information and fundamental factors
Central Bank: Reserve Bank of New Zealand
Public Debt to GDP Ratio, 2017: 32%
Trade Balance, 2017: -$1.39 bln.
Inflation, 2017: 2.2%
Supporting Factors
Major commodity exporter
weak
The New Zealand dollar is the currency that is used in New Zealand, as well as in the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. It is often nicknamed “kiwi”. The currency replaced the New Zealand pound in 1967. It is about 10th most-traded currency in the world and is often used in carry trade because of relatively high interest rates in New Zealand. The major industry of New Zealand is agriculture, wool, meat and dairy products being the most important components of the sector. Australia is the main trading partner of New Zealand and China is the second-biggest.
New Zealand Dollar News Archive
NZ Dollar Robust Despite Worsening Economic Outlook
June 18, 2018 at 13:08 New Zealand Dollar
The New Zealand dollar gained on its most-traded rivals today, though not on the extremely strong euro. Such good performance was surprising, considering the risk-off market sentiment and the worsening outlook for New Zealand’s economic growth.
NZ Dollar Falls After Manufacturing Expansion Slows
June 15, 2018 at 11:56 New Zealand Dollar
The New Zealand dollar fell today after a report showed that nation’s manufacturing expansion slowed, though remained at a high level. By now, the currency has trimmed its losses.
NZ Dollar Rallies on Monday amid Positive Market Sentiment
June 11, 2018 at 14:49 New Zealand Dollar
The New Zealand dollar rose against its most-traded peers, though not versus the euro, today amid the positive market sentiment. Underwhelming domestic data did not deter the currency from rising.
NZ Dollar Mirrors Aussie’s Mixed Performance
May 31, 2018 at 10:08 New Zealand Dollar
The New Zealand dollar behaved in the similar manner as its Australian counterpart today, rising against some most-traded peers and falling versus others. Unlike the Aussie though, the kiwi had no positive domestic macroeconomic reports.
NZ Dollar Bounces After Decline Caused by Retail Sales Data
May 21, 2018 at 12:52 New Zealand Dollar
The New Zealand dollar went down intraday during the current trading session due to disappointing retail sales data. But the currency managed to bounce later thanks to risk appetite on the market.
NZ Dollar Fails to Rally, Trades Near Opening
May 17, 2018 at 11:08 New Zealand Dollar
The New Zealand dollar behaved somewhat similarly to its Australian counterpart today, attempting to rally intraday, but losing gains by now.
NZ Dollar Fails to Rally on Positive Manufacturing PMI
May 11, 2018 at 13:57 New Zealand Dollar
The New Zealand dollar attempted to rally today on the back of the very good manufacturing report, but failed, and is now trading lower against most rivals with the exception of the very soft US dollar.
NZ Dollar Dives After RBNZ Keeps Rates on Hold
May 10, 2018 at 11:03 New Zealand Dollar
The New Zealand dollar slumped against its major rivals today, falling to the lowest level since December versus its US counterpart, after the Reserve Bank of New Zealand kept interest rates unchanged and expressed dovishness in its statement.
NZD Moves Higher After Initial Violent Reaction to Employment Data
May 2, 2018 at 11:13 New Zealand Dollar
The New Zealand dollar rose against major currencies today following the release of a decent employment report. While the currency reacted wildly to the release, jumping initially and slumping back down almost immediately, the kiwi was moving largely up afterwards.