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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

New Zealand Dollar Loses Gains Despite Positive CPI

The New Zealand dollar attempted to rally today, but failed and followed its Australian counterpart in decline. The currency dropped even as the inflation print came out better than expected.

New Zealand Manufacturing PMI Slips, NZ Dollar Pays Little Attention

New Zealand manufacturing PMI fell last month, as was shown by the report released by Business NZ today, though that had limited impact on the performance of the New Zealand dollar. The currency rallied intraday but has retreated by now.

NZ Dollar Drops Even as Building Consents Climb to Multi-Year Record

The New Zealand dollar fell today despite positive domestic macroeconomic data released during the current trading session.

NZ Dollar Mixed After Consumer Confidence Release

The New Zealand dollar was mixed today after the release of the consumer confidence report.

New Zealand Dollar Climbs on Risk Appetite, Economic Data

The New Zealand dollar rallied today as fears about trade wars eased as the United States and China started negotiating about a trade agreement. New Zealand macroeconomic data released overnight turned out to be better than expected, adding to the upward momentum of the currency.

NZ Dollar Mixed, Pays Little Heed to RBNZ Policy Announcement

The New Zealand dollar was mixed today, rising against some currencies and falling versus others. The kiwi paid little attention to the policy announcement from the Reserve Bank of New Zealand, trading sideways following the decision.

Positive Economic Data Fails to Support New Zealand Dollar

The New Zealand dollar fell against other major currencies and, similarly to its Australian counterpart, ignored domestic macroeconomic data, which was extremely good.

NZ Dollar Driven Down by Economic Data, Risk Aversion

The New Zealand dollar dropped today, joining other commodity-geared currencies in decline, driven down by domestic macroeconomic data as well as the general risk-averse market sentiment.

NZ Dollar Fails to Rally, Dragged Down by Risk Aversion

The New Zealand dollar attempted to rally today, but the attempt has failed, and the currency is trading below the opening level as of now.

NZ Dollar Rallies vs. US Dollar in Thursday’s Trading

The New Zealand rose against its US peer today. While domestic macroeconomic data was good, it had little impact on the New Zealand currency, and the likely reason for its rally versus the greenback was the weakness of the US currency itself.

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