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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%

Sovereign Credit Ratings:

Fitch
AA
Stable
Moody's
Aaa
Stable
S&P
AA
Stable

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 Tanks, Hurt by Dovish RBNZ

The New Zealand dollar plummeted today following the monetary policy announcement of the Reserve Bank of New Zealand released by the end of yesterday’s trading session. While the central bank left its monetary policy unchanged, the statement was more dovish than market participants had expected.

NZ Dollar Mixed After Macroeconomic Data & Ahead of RBNZ

The New Zealand dollar was mixed today after decent macroeconomic data and ahead of the central bank’s monetary policy meeting.

NZD Falls After Macroeconomic Releases in New Zealand & China

The New Zealand dollar fell versus its most-traded peers, with the exception of the extremely weak Japanese yen, after underwhelming macroeconomic releases in New Zealand as well as in New Zealand’s major trading partner — China.

NZ Dollar Holds Ground Despite Surprising Trade Deficit

The New Zealand dollar was firm today despite domestic macroeconomic data that showed a surprise trade deficit.

NZ Dollar Rallies for Fourth Day in a Row

The New Zealand dollar rallied today, rising for the fourth consecutive trading session against some of its rivals, including the US dollar and the euro.

NZ Dollar Higher vs. Some Rivals, Falls vs. European Currencies

The New Zealand dollar gained against some currencies but fell versus European ones, like the euro and the Swiss franc, most likely because the European Union was able to reach an agreement about immigration.

New Zealand Dollar Slumps After RBNZ Dovish Statement

The New Zealand dollar slumped today after the Reserve Bank of New Zealand released monetary policy statement that was more dovish than market participants had anticipated.

New Zealand Dollar Falls After Economic Data, Ahead of RBNZ

The New Zealand dollar fell against its most-traded peers today following the mixed macroeconomic reports and ahead of the central bank’s policy meeting.

NZ Dollar Falls As New Zealand Economic Growth Slows

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.

NZ Dollar Robust Despite Worsening Economic Outlook

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.

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