The Australian dollar versus the New Zealand dollar currency pair gives some signs that an appreciation is not that far from the realm of possibility. Is it so, or the bears are trying to persuade the bulls?
New Zealand Dollar NZD
Detailed information and fundamental factors
Central Bank: Reserve Bank of New Zealand
Interest Rate: 1.00%
Public Debt to GDP Ratio, 2017: 32%
Trade Balance, 2017: -$1.39 bln.
Inflation, 2018: 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
AUD/NZD May Try a Turn Towards 1.0530
January 23, 2020 at 5:53 Australian Dollar, New Zealand Dollar, Technical Analysis
NZ Dollar Unable to Keep Gains Caused by Chinese Economic Reports
January 17, 2020 at 16:09 New Zealand Dollar
The New Zealand dollar rallied intraday despite underwhelming domestic macroeconomic data. One of the possible reasons for the rally was macroeconomic data in China, which showed that the economic growth of the Asian nation stabilized in the last quarter of 2019. Currently, though, the New Zealand currency has lost its gains versus most rivals, except for European majors. The kiwi was trading about flat against the euro and the Great Britain pound.
NZD/CAD Still Aiming for 0.8514
January 15, 2020 at 6:28 Canadian Dollar, New Zealand Dollar, Technical Analysis
The New Zealand dollar versus the Canadian dollar currency pair is very consistent in its determination of reaching 0.8514 once more.
AUD/NZD Was Failed by the Weekly 1.0361 Support
January 8, 2020 at 8:14 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair passed under an important support. Is this break destined to be a false one?
NZD/CAD May Now Be Heading for 0.8514
January 7, 2020 at 8:28 Canadian Dollar, New Zealand Dollar, Technical Analysis
The New Zealand dollar versus the Canadian dollar currency pair surprised the market by turning around. Is there any chance of a comeback?
AUD/NZD Postponing Its Advancement to 1.0530
December 31, 2019 at 7:54 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair is having a hard time in its efforts to conquer higher prices.
Will NZD/CAD Correct on Its Way to 0.8915?
December 27, 2019 at 9:39 Canadian Dollar, New Zealand Dollar, Technical Analysis
The New Zealand dollar versus the Canadian dollar currency pair managed to conquer the 0.8692 level. The continuation towards 0.8915 might come after a corrective phase.
AUD/NZD on Its Way to 1.0530
December 23, 2019 at 8:10 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair is, slowly but surely, heading towards higher prices. Are there any possible obstacles?
NZ Dollar Retreats After Rallying on Better-than-Expected GDP
December 20, 2019 at 7:45 New Zealand Dollar
The New Zealand dollar retreated today following yesterday’s gains. The rally was a result of a faster-than-expected growth demonstrated by New Zealand’s economy in the previous quarter.
NZ Dollar Reverses Earlier Losses amid Risk Aversion
December 18, 2019 at 16:46 New Zealand Dollar
The New Zealand dollar gained today after falling earlier due to mild risk aversion on the Forex market. Traders were nervous due to the threat of a hard Brexit as well as the impeachment of US President Donald Trump. There is no obvious reason why the New Zealand currency reversed its losses. Macroeconomic data released over the trading week did not paint a clear picture of the New Zealand economy as there were […]