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New Zealand Dollar NZD

 

Detailed information and fundamental factors

Central Bank: Reserve Bank of New Zealand

Interest Rate: 1.75%

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 Surges on News About US-China Trade War Truce

The New Zealand dollar surged along with other commodity currencies today on the news about a temporary truce in the trade war between the United States and China. The kiwi was unable to beat its Australian counterpart, which emerged as the strongest on the Forex market.

New Zealand Building Consents Rise, NZ Dollar Goes Higher

The New Zealand dollar gained today. Domestic macroeconomic data released overnight was good, but it does not seem to contribute much to the currency’s rally.

NZ Dollar Drops on Negative Business Confidence, Trims Losses Later

The New Zealand dollar fell today as the business confidence remained negative. Yet by now, the currency has trimmed losses, erasing them outright against some of its rivals.

NZ Dollar Gains After Release of Financial Stability Report

The New Zealand dollar gained today after the Reserve Bank of New Zealand released the Financial Stability report. Gains were limited, though, as market participants were waiting for new developments in the trade war between the United States and China.

NZ Dollar Advances Despite Worse-Than-Expected Trade Balance

The New Zealand dollar rose today despite New Zealand’s trade balance, which was released overnight, missed expectations.

NZ Dollar Drops Despite Better-Than-Expected PPI

The New Zealand dollar dropped today even though domestic macroeconomic data released overnight beat expectations.

NZ Dollar Declines Despite Rising Manufacturing Index

The New Zealand dollar declined against its most-traded rivals today even after data released overnight showed that the manufacturing sector expanded with accelerating pace.

NZ Dollar Suffers from Slowing Producer Inflation in China

The New Zealand dollar fell against some of its most traded rivals, including the US dollar and the Japanese yen, today. The most likely reason for the losses was the slowing producer inflation in China, New Zealand’s major trading partner.

NZ Dollar Jumps After Employment Data Beats Expectations

The New Zealand dollar jumped against all of its most-traded rivals today as employment data released in New Zealand overnight came out much better than was expected.

NZ Dollar Fails to Maintain Rally Despite Improving Business Confidence

The New Zealand dollar attempted to rally earlier today but failed and moved below the opening level. The slight improvement of the business confidence was not enough to support the currency.

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