The Australian dollar versus the New Zealand dollar currency pair is approaching the important weekly level of 1.0361.
New Zealand Dollar NZD
Detailed information and fundamental factors
Central Bank: Reserve Bank of New Zealand
Interest Rate: 0.25%
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 Heading Towards 1.0361
April 1, 2020 at 7:29 Australian Dollar, New Zealand Dollar, Technical Analysis
AUD/NZD Still Thinking at the 1.0200 Handle
March 26, 2020 at 8:30 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair seems to be undecided concerning what path to take.
NZ Dollar Drops After RBNZ Announces QE Program
March 23, 2020 at 6:41 New Zealand Dollar
The New Zealand dollar dropped today after the Reserve Bank of New Zealand made a surprise announcement of a quantitative easing program. Currently, the kiwi has trimmed its losses but is still trading below the opening level against its most-traded counterparts, with the exception of the Australian dollar. The Aussie was dragged down by bond purchases under the quantitative easing program of its own central bank.
NZ Dollar Sinks to New Multi-Year Lows Even After Decent GDP Report
March 19, 2020 at 10:23 New Zealand Dollar
The New Zealand dollar dropped to new multi-year lows against other most-traded currencies today. Losses were across the board as the kiwi was falling even against other vulnerable commodity currencies. Even the GDP report that came out in line with expectations was unable to help the New Zealand currency.
AUD/NZD at the Weekly Support of 1.0000
March 19, 2020 at 6:32 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair reached a very important support area. Is possible to see a bullish comeback from here?
NZ Dollar Retreats After Short-Lived Rally
March 18, 2020 at 8:34 New Zealand Dollar
The New Zealand dollar fell today against other most-traded currencies, logging the fifth consecutive session of decline against its US counterpart. While the kiwi rose a bit yesterday after the government announced a stimulus package, the rally was short-lived as risk aversion dragged the currency down.
NZ Dollar Tumbles After Emergency Interest Rate Cut from RBNZ
March 16, 2020 at 2:30 New Zealand Dollar
The US Federal Reserve was not the only central bank to make a surprise interest rate cut at the start of the week. The Reserve Bank of New Zealand also announced an emergency cut overnight. Unsurprisingly, the New Zealand dollar reacted negatively to the announcement, opening sharply lower at the start of trading. While the kiwi has trimmed losses by now, it is still trading below the opening level against other currencies, even the US dollar.
AUD/NZD Back Under 1.0361 Once Again
March 12, 2020 at 7:34 Australian Dollar, New Zealand Dollar, Technical Analysis
The Australian dollar versus the New Zealand dollar currency pair slid under the important support area of 1.0361. Will the previous lows hold afresh?
Could NZD/CAD Fall Again from 0.8616?
March 11, 2020 at 6:38 Canadian Dollar, New Zealand Dollar, Technical Analysis
The New Zealand dollar versus the Canadian dollar currency pair sits just above the neckline level of the head & shoulders that started the year and fueled the strong depreciation that followed. Might it happen again?
New Zealand Dollar Mixed amid Negative Sentiment, Conflicting Economic Reports
February 27, 2020 at 12:53 New Zealand Dollar
The New Zealand dollar was mixed today, managing to gain on some major currencies, even as the market sentiment remained unfavorable to riskier currencies linked to commodities. Domestic macroeconomic data was not helpful, failing to provide a clear picture of New Zealand’s economy. One of the reports released over Thursday’s session beat expectations while the other one was not good.