Top Forex News

Live Forex news from all over the world.

    Archives

New Zealand Dollar NZD

 

Detailed information and fundamental factors

Central Bank: Reserve Bank of New Zealand

Public Debt to GDP Ratio, 2016: 34%

Trade Balance, 2016: -$2.87 bln.

Inflation, 2016: 0.6%

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 Fails to Keep Gains Caused by Solid GDP

The New Zealand dollar edged lower today despite the GDP report released overnight that showed solid growth of the nation’s economy. The currency jumped sharply immediately after the release, but was gradually moving lower since then, and is now trading slightly below the opening level against its most-traded rivals.

New Zealand Dollar Stable Despite Underwhelming Data

The New Zealand dollar was stable today and even gained on the Japanese yen despite the fact that macroeconomic data released in New Zealand overnight was not good.

NZ Dollar Resumes Rally After Drop on Thursday

The New Zealand dollar fell on Thursday after four consecutive days of gains but resumed the rally on Friday thanks to the positive report released overnight.

NZ Dollar Extends Rally Fueled by RBNZ Governor Appointment

The New Zealand dollar extended yesterday’s rally today, rising for the third day in a row, as investors welcomed the news about the appointment of a new governor of the Reserve Bank of New Zealand.

NZ Dollar Gains Even as Manufacturing Sales Slow

The New Zealand dollar gained today despite slowing growth of manufacturing sales.

New Zealand Dollar Carves out Gains, Defying Disappointing Reports

The New Zealand dollar managed to carve out some gains today, even though macroeconomic data from New Zealand and New Zealand’s major trading partner, China, was not particularly good.

NZ Dollar Drops with Falling Business Confidence

The New Zealand dollar fell after the disappointing print of the nation’s business confidence, which a pessimistic outlook in all sectors of the economy.

NZ Dollar Falls as Trade Deficit Narrows Less Than Expected

The New Zealand dollar was soft today as the nation’s trade deficit narrowed last month but still came out above expectations.

NZ Dollar Recovers After Disappointing Retail Sales

The New Zealand dollar rose during Thursday’s quiet trading. The currency weakened following the release of disappointing retail sales data, but quickly recovered.

NZ Dollar Soft Following RBNZ Policy Decision

The New Zealand dollar was flat-to-lower today following yesterday’s policy decision announced by the Reserve Bank of New Zealand.

Navigation

Menu