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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
Positive

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

After the Strong Appreciation on AUD/NZD

The Australian dollar versus the New Zealand dollar etched the new high of 2019, and this makes possible even more positive expectations.

NZ Dollar Drops After Inflation Misses Expectations

The New Zealand dollar dropped on Wednesday after domestic inflation data disappointed traders, increasing bets on an interest rate cut by the Reserve Bank of New Zealand.

Factors Affecting New Zealand Dollar During Week of 15-19 April 2019

The New Zealand dollar performed well during the past trading week. What factors will be affecting the currency during the current week?

NZ Dollar Mixed, Economic Data Gives No Direction

The New Zealand dollar was mixed today, rising against some rivals, falling versus others, and staying flat against some others. Macroeconomic data, both domestic and from abroad, was mixed as well, giving the currency no reason to go in a specific direction.

NZ Dollar Gets Lifted by Positive News from China

The New Zealand dollar rallied today, lifted by positive news from China. China’s service sector expanded more than was expected, while rumors circulated that the United States and China are close to a trade deal.

NZ Dollar Recovers Despite Underwhelming Housing Data

The New Zealand dollar was recovering today after the previous sharp sell-off with the help of the market sentiment, which was somewhat improving as was demonstrated by gains of Asian stocks. The rebound was limited, though, and was nowhere near significant enough to erase the Wednesday’s huge losses.

NZ Dollar Stable Despite Deteriorating Consumer Sentiment

The New Zealand business confidence deteriorated this month, and the outlook was rather pessimistic. Yet surprisingly, the New Zealand dollar held its ground versus most-traded rivals, even gaining on European currencies like the euro and the Swiss franc.

AUD/NZD Is Sitting in a Very Interesting Spot

The decline of the New Zealand dollar versus the Australian dollar dragged the currency pair at the resistance of an established descending trend.

RBNZ Turns Dovish, New Zealand Dollar Tanks

The Reserve Bank of New Zealand rocked markets today, demonstrating a clearly dovish bias. Unsurprisingly, the New Zealand dollar did not take it well, posting a huge decline against all other most-traded currencies.

NZ Dollar Weak Despite Trade Surplus

The New Zealand dollar was one of the weakest currencies on the Forex market today, though managed to outperform the Japanese yen. Better-than-expected domestic macroeconomic data failed to bolster the kiwi.

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