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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%

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

AUD/NZD Could Target 1.0837

The Australian dollar versus the New Zealand dollar currency pair managed to keep the gains above 1.0640, thus giving credit to the bulls.

New Zealand Dollar Declines Even as Inflation Beats Expectations

The New Zealand dollar declined today despite inflation data that came out better than was expected. There were several possible reasons for the currency’s decline, both domestic and global. Domestically, the monetary policy outlook remained dovish despite the better-than-expected inflation report. Globally, increasing geopolitical tensions between the United States and China over Hong Kong and the global economic slowdown lessened the appeal of riskier commodity-related currencies. Currencies […]

NZD/CAD Breached the Weekly Level of 0.8344

The New Zealand dollar versus the Canadian dollar currency pair did not manage to sustain the gains above the 0.8344 level.

AUD/NZD Is Approaching the Interesting Area of 1.0640

The Australian dollar versus the New Zealand dollar currency pair is in a throwback phase that has 1.0640 on its course.

NZD/CAD Back Above the Weekly Support of 0.8344

The New Zealand dollar versus the Canadian dollar currency pair managed to reconquer the important 0.8344 level.

NZ Dollar Drops, Touching 4-Year Low vs. US Dollar

The New Zealand dollar dropped today, touching the lowest level in four years versus its US counterpart. The currency was dragged down by poor domestic macroeconomic data and the general risk-off sentiment on the Forex market. A positive report about China’s manufacturing sector limited the downside momentum, though.

NZ Dollar Stable After RBNZ Refrains from Interest Rate Cut

The New Zealand dollar was trading either flat or a little higher against most-traded currencies today. The Reserve Bank of New Zealand did not cut interest rates at today’s meeting but signaled that a cut is possible in the future. The trade balance worsened more than was expected.

NZ Dollar Drops Despite Better-than-Expected GDP

The New Zealand dollar fell today even after a report showed that the nation’s economy rose last quarter faster than was expected.

NZ Dollar Falls Ahead of FOMC Meeting, Domestic Data Doesn’t Help

The New Zealand dollar fell today as markets were in a risk-off mode ahead of Federal Reserve monetary policy meeting later today. Domestic macroeconomic data was not helpful to the currency.

NZ Dollar Falls with Consumer Confidence

The New Zealand dollar fell today due to mild risk aversion on the Forex market as well as falling consumer confidence in New Zealand.

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