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New Zealand Dollar NZD

 

Detailed information and fundamental factors

Central Bank: Reserve Bank of New Zealand

Public Debt to GDP Ratio, 2015: 33.5%

Trade Balance, 2015: -$1.01 bln.

Inflation, 2015: 0.7%

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

New Zealand Dollar Falls for Fourth Day Against Yen

The New Zealand dollar fell today, dropping for the fourth consecutive day against the Japanese yen, following the release of the trade balance report that failed to meet market expectations.

New Zealand Dollar Rallies Following Manufacturing Report

The New Zealand dollar climbed today thanks to the positive manufacturing report released overnight and the supportive general market sentiment.

NZD Flat vs. USD, Lower vs. EUR & JPY amid Unfavorable Fundamentals

The New Zealand dollar was almost flat against its US counterpart but fell against such currencies as the euro and the Japanese yen amid underwhelming domestic macroeconomic data and the unfavorable general market sentiment.

New Zealand Dollar Starts Week Sharply Higher

This week’s trading has started with a risk-positive sentiment on the Forex market. That, coupled with favorable domestic data, made the New Zealand dollar open sharply higher, though the currency has retreated by now.

New Zealand Dollar Falls as Domestic Data Trails Expectations

The New Zealand dollar declined for the second consecutive session today as economic data released from New Zealand overnight failed to meet economists’ expectations.

New Zealand Dollar Surges on Inflation Expectations, Loses Gains Later

The New Zealand dollar surged intraday after the nation’s central bank released its inflation expectations, but the currency retreated later, trimming its gains against the euro and the Japanese yen, while losing them completely versus the US dollar.

New Zealand Dollar Falls, Ignoring Good CPI

The New Zealand dollar fell today despite faster-than-expected growth of consumer prices. The probable explanation for the lackluster performance was slow growth of Chinese industrial profits.

New Zealand Dollar Drops as Trade Balance Misses Analysts’ Estimates

The New Zealand dollar fell today, dropping for the six consecutive day against the US dollar, following the release of a worse-than-expected trade balance report.

NZD/USD Makes a Minor Recovery as the US Dollar Maintains Its Upward Momentum

The NZD/USD pair made a minor recovery during today’s trading session even as the US dollar continues to gain ground against other major currencies. The US dollar is demonstrating significant upward momentum as the market’s appetite for the dollar shows no signs of abating.

NZD/USD Maintains Its Bullish Trend Despite Weak Manufacturing Data

The NZD/USD currency pair continued with the upward trend witnessed on Monday during Tuesday’s trading session. The bullish run led to the pair hitting levels above its 100-day SMA, which is a crucial support point.

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