The New Zealand dollar rallied today, though it has trimmed gains against some of its rivals by now. The catalyst for the rally was the release of surprisingly good domestic employment data.
New Zealand Dollar NZD
Detailed information and fundamental factors
Central Bank: Reserve Bank of New Zealand
Interest Rate: 0.25%
Public Debt to GDP Ratio, 2017: 32%
Trade Balance, 2017: -$1.39 bln.
Inflation, 2019: 1.6%
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 Rises After Employment Report Surprises Positively
August 5, 2020 at 9:49 New Zealand Dollar
Bulls on AUD/NZD Determined to Conquer 1.0826
August 5, 2020 at 4:46 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian versus the New Zealand dollar currency pair is in a steady appreciation. Will this be enough to pass the important 1.0826 resistance level?
AUD/NZD Back Above 1.0707
July 29, 2020 at 5:31 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian versus the New Zealand dollar currency pair seems to have the bulls on its side. But is it really so?
Bulls on AUD/NZD Heading for 1.0826
July 22, 2020 at 2:02 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian versus the New Zealand dollar currency pair seems to be in bullish hands. Do the bears still have a chance?
Another Chance for the Bulls on AUD/NZD from 1.0630
July 16, 2020 at 8:58 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair sits above an important level, one from which the bulls could spark a new appreciation. The question is: are the bears going to choose to stand aside?
AUD/NZD Getting Closer to 1.0551
July 8, 2020 at 5:36 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair is approaching an important support area. Will the bulls be able to withstand the bearish pressure?
Rising Wedge on AUD/NZD at 1.0707?
July 1, 2020 at 5:21 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair seems to draw a falling wedge. Is this, finally, the moment the bears have been waiting for?
AUD/NZD Undecided at 1.0707
June 24, 2020 at 8:15 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair is in a situation that looks good for both bulls and bears. So, is there a hint about which of them might turn out to be in control?
Kiwi Mixed After Biggest Economic Contraction in Almost 30 Years
June 18, 2020 at 12:56 New Zealand Dollar
Markets were rather directionless today, and the New Zealand dollar was no different. While negative domestic macroeconomic data was weighing on the currency, it managed to stay flat against some of its most-traded rivals and even to rise versus others.
Bulls Missed Their Chance on AUD/NZD from 1.0700?
June 17, 2020 at 6:05 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair had trouble getting back above the 1.0707. Does this point to bearish times?